Hollywood went all in for Joe Biden during the presidential election and now the entertainment industry is reaping the rewards in the form of runaway inflation that has caused the price of making movies and TV shows to skyrocket.
Production executives said key supplies are about 10 percent higher compared to just a few months ago, according to a recent report in The Hollywood Reporter. That includes plywood, which now costs three times as much as it used to, as well as items including steel, glass, and paint.
“In the last three months, the cost of materials have shot through the roof,” Doug Jeffery, founder of 41 Sets, a North Hollywood company that specializes in set design and construction, told the Reporter.
Some believe Hollywood’s inflation woes could even be higher.
Michael Petok, an executive producer on ABC’s Black-ish, Grown-ish, and Mixed-ish, told the Reporter that “on the shows that I do,