Netflix's $1B investment in Mexico aims to produce 20 films and series annually, enhancing local industry, creating jobs, and exemplifying the global shift in content production strategies.

As budgets tighten and streaming models shift, the film industry is reinventing itself. Mid-budget films, virtual production, and global incentives are shaping a leaner, smarter Hollywood poised for a new hybrid theatrical-streaming future.

BC’s film industry is on the rise in 2025, driven by enhanced tax credits, funding for diverse filmmakers, and growing production activity across the province. With a projected $4B impact, BC is set to reclaim its status as a global film and TV hub.

Hollywood is struggling with wildfires, political tensions, and economic uncertainties. Studio closures, production delays, and rising costs are reshaping the industry, pushing films to relocate. Efforts to retain productions include tax incentives and policy reforms to stabilize the sector.

The U.S. trade war, a falling Canadian dollar, and California wildfires are shifting Hollywood productions to B.C. Lower costs and stable filming conditions make Vancouver an attractive alternative, solidifying its status as a major global film hub.

Film tourism is driving economic growth in Vancouver’s Lower Mainland, with iconic locations like Steveston Village and Gastown attracting global fans. From boosted local businesses to guided tours, Vancouver’s cinematic appeal enhances its economy and cultural prominence.

Projections suggest that the industry could contribute over $4 billion to the provincial economy in 2025, surpassing the 2022 figures.

The outlook for 2025 appears more promising. The provincial government has taken proactive measures to rejuvenate the industry by enhancing tax incentives.