Hollywood Film Production in 'bad spiral' as Competition Bites

(Reuters) - Three days before the Oscars, the Los Angeles film czar and a think tank delivered some damning news to Tinseltown: Hollywood's status as the home of American film and television production is threatened because places like New York are offering better financial incentives to studios.The study of employment and production data released on Thursday by the Milken Institute, an economic think tank, says California has lost tens of thousands of entertainment jobs to New York and other U.S. states in the past decade, and film and television productions with them. While it may.......