Quote:
Originally Posted by ocman
Los Angeles may be the only city where every single one of the FAANG companies have expanded to in this recent wave of expansions that have been announced in the last couple months, even as all the tech hype and write-ups is about NYC. Who needs HQ2?
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That's largely because all the recent FAANG expansions are all driven by their respective media strategies. Instead of buying an existing studio, FAANG are going to now spending stupid money trying to reinvent the proverbial wheel of making TV shows and movie.
So LA expansion is not a coincidence... this is where the talent lives whom FAANG wants to hire. And I'm not talking about actors, writers, or directors. I'm talking about production people, accountants and lawyers who know how to do entertainment deals, and people who work in distribution. They all live in LA and no one wants to move to Seattle or San Jose.