The tinsel in Tinseltown many not be as bright as it once was. In a video report, CNN points out that there has been a dramatic reduction in film and TV production in Hollywood film studios in recent years as networks and studios are being lured to other major cities that offer tax incentives. The economy in L.A. is being hit hard, affecting technicians and support industries such as catering. Ironically, it was on the East Coast, primarily New York and New Jersey, that the motion picture industry began- and it is there that the pendulum is swinging once again. Click here to watch