The film industry in Wilmington has encountered a slowdown, and it’s uncertain when things will pick back up.
While the state has its own film incentive, the slowdown has affected the number of projects being shot in the area, and more attractive incentives offered by other countries have also played a role in the downturn in Wilmington.
In addition, between 2019 and 2023, streaming industry revenue grew by roughly 150%, but between 2023 and 2028, it’s only expected to grow by 30%, according to projections by accounting firm PricewaterhouseCoopers. The streaming industry’s presence has also caused networks to lose advertising money, and many streaming services are working to figure out how to generate more revenue…