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"Los Angeles County contributed $656 billion in gross domestic product, or 27 percent of California’s economic output, in 2015, according to a Bloomberg analysi
by claudeganon 6y ago
"Los Angeles County contributed $656 billion in gross domestic product, or 27 percent of California’s economic output, in 2015, according to a Bloomberg analysis of the most-recent data available from the Bureau of Economic Analysis. That’s the largest amount of goods and services produced among 3,000-plus counties in the U.S. and equal to the economic might of Saudi Arabia."
https://webcache.googleusercontent.com/search?q=cache:atHjZMG_sncJ:https://www.bloomberg.com/news/articles/2019-04-06/hollywood-s-home-is-america-s-biggest-economic-contributor https://webcache.googleusercontent.com/search?q=cache:atHjZM...
- ekianjo 6y agoI'm talking about profits, not revenues.
- claudeganon 6y agoThe entertainment industry makes plenty of money, they just disguise the profits through all kinds of trickery that make what tech companies do with tax shelters look childish by comparison. There’s a whole colloquial term for it, “Hollywood accounting”: https://en.m.wikipedia.org/wiki/Hollywood_accounting https://en.m.wikipedia.org/wiki/Hollywood_accounting