LOS ANGELES — The annual Oscars ceremony is here. Major film studios are here. The world-famous Hollywood sign is here.
So why is it that only one of the nine best-picture nominees to be honored this Sunday at the 86th Academy Awards ceremony — “Her” — was filmed here? And last year, again only one: “Argo,” the best-picture winner.
In recent years Hollywood filmmakers have been leaving the actual Hollywood in droves, as more than 40 states dangle lucrative incentives to lure them.
Competition comes not just from other states but also other countries, such as Canada or Australia. Canada was the draw in the 1990s. Not only were the incentives good but the currency exchange rate was favorable to Americans. But what was good for Canadians — or Louisianans — has been bad for the real home of Hollywood.