Times change though for cost economics as an industry matures. I live in Atlanta and there are now more movies and TV shows filmed in the state of Georgia than in Los Angeles now. I keep seeing reports of people constantly moving to Georgia to work in the entertainment industry and several people I know have ties to the entertainment industry here as well. Almost all the Marvel movies are filmed downtown and in various locations throughout metro Atlanta. Every other Netflix series has been filmed in the area. There are tons of yellow signs pointing to movie and TV shooting locations throughout the city.
Entertainment is a lot more cost-sensitive to labor than most tech companies and while a lot of regulations on filming can be an issue on occasion I'm pretty sure that all of it is dwarfed by the sheer number of bodies necessary to film some scenes on a non-studio location.
During the Great Recession, movie stars kept their 8+ figure checks but almost everyone else took massive cuts. Similar economics happen in labor markets for tech where we are seeing a very clear bimodal distribution of pay for those in FAANGS companies (or very close to them) and those that aren't.