Union Deals Have Forced Production Out of H'wood

 Sony Pictures CEO, Tony Vinciguerra, says that the union deals agreed to during last year's strikes are forcing movie production out of the U.S. 

"The cost differential between the U.S. and countries like the U.K., Australia, and particularly those in Eastern Europe are forcing a migration abroad. The contract terms are forcing production out of the U.S. as we speak. We told the unions this would happen and it's happening." 

Tony Vinciguerra, Sony Pictures CEO

The one sure thing is that the demand for entertainment is not going away. It is going to grow, but most of that content won't be produced in the U.S.