3 ms·

> The market always corrects itself. "In the long run, we're all dead." -Keynes It took generations for a second Motor City to emerge outside of Detroit. New

by raldi 11y ago

> The market always corrects itself. "In the long run, we're all dead." -Keynes It took generations for a second Motor City to emerge outside of Detroit. New York is still the unchallenged capital of the finance and fashion worlds. There's no "Second Hollywood" in the United States. There's a Reno and an Atlantic City, but neither holds a candle to Las Vegas. What makes you so certain tech will have an exodus from San Francisco between now and the year of your retirement?

nugget 11y ago
It's hard for two kids in a garage to start a new car company or a new investment bank. Much easier for them to start the next big tech company.
Encosia 11y ago
> There's no "Second Hollywood" in the United States. Look into what's been going on in Georgia for the past few years. Not a replacement for Hollywood yet, but it's a good example of how quickly alternatives can take off due almost entirely to geographic differences in the cost of doing business.
- jacobolus 11y ago
  Where by “geographic differences in the cost of doing business” you mean “desperate politicians in a race to the bottom competing over who can waive the most taxes”. http://www.georgia.org/industries/entertainment/production-incentives/ http://www.georgia.org/industries/entertainment/production-i...
  - echelon 11y ago
    My rent for a two bedroom apartment in Inman Park is $700. The costs of doing business in Atlanta are significantly less than other regions.
- SomeCallMeTim 11y ago
  Georgia has had a presence at the Game Developers' Conference every year for as long back as I can remember. They've been wooing game developers with basically free money and other bonuses. And while they likely have convinced a few companies (they like to showcase a half dozen or so), it's not like it even was a measurable blip on the growth of game companies in Silicon Valley.
  - Encosia 11y ago
    That's interesting, but we (as far as I know) weren't talking about game development, but about TV/movie production. Most people don't realize it, but many recent high-budget movies were filmed in Georgia, e.g. Fast Five, Vacation, Ant-Man, all three Hunger Games movies, one of the recent X-Men movies, Flight, etc. After 2008, there was an abundance of empty warehouse space here available at deep discounts, not far from the highest volume airport in the world. As the economy rebounded, momentum in that industry seems to have remained even though there aren't many empty/cheap warehouses here anymore. A few developers are even working on purpose-built movie studios around town now. It has been interesting to watch, and certainly could parallel what could happen in the bay area if an exodus to somewhere like Austin began in earnest.
    - arcanus 11y ago
      > It has been interesting to watch, and certainly could > parallel what could happen in the bay area if an exodus to > somewhere like Austin began in earnest. Tech Austinite here -- given the rate prices of food, housing, etc. are spiking here, I'm presently more inclined to see ATX as catching up to SF prices and acting as an SXSF than remaining a low-cost alternative. Don't generally disagree with your thesis, but at least for tech I don't think the game is zero sum, and the market is expanding fast enough to support multiple tech hubs.
      - Encosia 11y ago
        Definitely. Austin was just the first example that came to mind, but I think you're right that spreading out to several regional hubs is also likely (and preferable, IMO).
- rhino369 11y ago
  The "second hollywood" is Vancouver. I know it's not in the USA, but it's where a lot of TV is shot.
  - gkanapathy 11y ago
    There's where it's shot, and there's where it is run from.
echelon 11y ago
> There's no "Second Hollywood" in the United States. It's right here in Atlanta. It's been a decade and a half in the making, and the pace and scale of it increases with every passing year.
- someear 11y ago
  If the "second hollywood" is in fact in Atlanta, I think you're validating the original point (i.e. there is no second hollywood). Being second miles and miles behind the leader doesn't actually mean you're close to winning, or even competing.
- GFK_of_xmaspast 11y ago
  According to wikipedia, as a whole $617M was spent in Georgia in 2013 on production; this compares disfavorably with Louisiana ($674M), British Columbia ($778M), and New York State (1880M). Wiki doesn't even bother to list California. (https://en.wikipedia.org/wiki/Film_industry_in_Georgia_%28U.S._state%29 https://en.wikipedia.org/wiki/Film_industry_in_Georgia_%28U....)
  - echelon 11y ago
    That list doesn't include all the new studios being built: Pinewood: http://m.pinewoodgroup.com/our-studios/usa/pinewood-atlanta-studios http://m.pinewoodgroup.com/our-studios/usa/pinewood-atlanta-... Third Rail: http://clatl.com/freshloaf/archives/2015/04/07/film-and-tv-studio-to-anchor-former-doraville-gm-plant-site http://clatl.com/freshloaf/archives/2015/04/07/film-and-tv-s... Tyler Perry's new facility: http://m.clatl.com/freshloaf/archives/2015/06/29/tyler-perrys-fort-mcpherson-studio-dreams-to-become-a-reality http://m.clatl.com/freshloaf/archives/2015/06/29/tyler-perry... This is just three of about ten studio facilities being built in the area. I believe three of the Marvel films have been filmed in Atlanta. These have been recent enough not to be in that list. I know this is anecdotal, but if you were living in Atlanta you'd get a sense of how much growth is occurring in our film industry.
cft 11y ago
San Francisco is the second Hollywood. The new media capital.
- raldi 11y ago
  And it only took, what, 90 years?

by raldi 11y ago

nugget 11y ago

It's hard for two kids in a garage to start a new car company or a new investment bank. Much easier for them to start the next big tech company.

Encosia 11y ago

> There's no "Second Hollywood" in the United States. Look into what's been going on in Georgia for the past few years. Not a replacement for Hollywood yet, but it's a good example of how quickly alternatives can take off due almost entirely to geographic differences in the cost of doing business.

jacobolus 11y ago
Where by “geographic differences in the cost of doing business” you mean “desperate politicians in a race to the bottom competing over who can waive the most taxes”. http://www.georgia.org/industries/entertainment/production-incentives/ http://www.georgia.org/industries/entertainment/production-i...
- echelon 11y ago
  My rent for a two bedroom apartment in Inman Park is $700. The costs of doing business in Atlanta are significantly less than other regions.
SomeCallMeTim 11y ago
Georgia has had a presence at the Game Developers' Conference every year for as long back as I can remember. They've been wooing game developers with basically free money and other bonuses. And while they likely have convinced a few companies (they like to showcase a half dozen or so), it's not like it even was a measurable blip on the growth of game companies in Silicon Valley.
- Encosia 11y ago
  That's interesting, but we (as far as I know) weren't talking about game development, but about TV/movie production. Most people don't realize it, but many recent high-budget movies were filmed in Georgia, e.g. Fast Five, Vacation, Ant-Man, all three Hunger Games movies, one of the recent X-Men movies, Flight, etc. After 2008, there was an abundance of empty warehouse space here available at deep discounts, not far from the highest volume airport in the world. As the economy rebounded, momentum in that industry seems to have remained even though there aren't many empty/cheap warehouses here anymore. A few developers are even working on purpose-built movie studios around town now. It has been interesting to watch, and certainly could parallel what could happen in the bay area if an exodus to somewhere like Austin began in earnest.
  - arcanus 11y ago
    > It has been interesting to watch, and certainly could > parallel what could happen in the bay area if an exodus to > somewhere like Austin began in earnest. Tech Austinite here -- given the rate prices of food, housing, etc. are spiking here, I'm presently more inclined to see ATX as catching up to SF prices and acting as an SXSF than remaining a low-cost alternative. Don't generally disagree with your thesis, but at least for tech I don't think the game is zero sum, and the market is expanding fast enough to support multiple tech hubs.
    - Encosia 11y ago
      Definitely. Austin was just the first example that came to mind, but I think you're right that spreading out to several regional hubs is also likely (and preferable, IMO).
rhino369 11y ago
The "second hollywood" is Vancouver. I know it's not in the USA, but it's where a lot of TV is shot.
- gkanapathy 11y ago
  There's where it's shot, and there's where it is run from.

echelon 11y ago

> There's no "Second Hollywood" in the United States. It's right here in Atlanta. It's been a decade and a half in the making, and the pace and scale of it increases with every passing year.

someear 11y ago
If the "second hollywood" is in fact in Atlanta, I think you're validating the original point (i.e. there is no second hollywood). Being second miles and miles behind the leader doesn't actually mean you're close to winning, or even competing.
GFK_of_xmaspast 11y ago
According to wikipedia, as a whole $617M was spent in Georgia in 2013 on production; this compares disfavorably with Louisiana ($674M), British Columbia ($778M), and New York State (1880M). Wiki doesn't even bother to list California. (https://en.wikipedia.org/wiki/Film_industry_in_Georgia_%28U.S._state%29 https://en.wikipedia.org/wiki/Film_industry_in_Georgia_%28U....)
- echelon 11y ago
  That list doesn't include all the new studios being built: Pinewood: http://m.pinewoodgroup.com/our-studios/usa/pinewood-atlanta-studios http://m.pinewoodgroup.com/our-studios/usa/pinewood-atlanta-... Third Rail: http://clatl.com/freshloaf/archives/2015/04/07/film-and-tv-studio-to-anchor-former-doraville-gm-plant-site http://clatl.com/freshloaf/archives/2015/04/07/film-and-tv-s... Tyler Perry's new facility: http://m.clatl.com/freshloaf/archives/2015/06/29/tyler-perrys-fort-mcpherson-studio-dreams-to-become-a-reality http://m.clatl.com/freshloaf/archives/2015/06/29/tyler-perry... This is just three of about ten studio facilities being built in the area. I believe three of the Marvel films have been filmed in Atlanta. These have been recent enough not to be in that list. I know this is anecdotal, but if you were living in Atlanta you'd get a sense of how much growth is occurring in our film industry.

cft 11y ago

San Francisco is the second Hollywood. The new media capital.

raldi 11y ago
And it only took, what, 90 years?