Developers who want to stay in Hollywood should expect to earn between $15,000 and $30,000 per year in the next five years.
The industry has seen an exponential growth in salary over the past decade, from $25,000 to $100,000 in 2010.
The average film director made $120,000 last year, up nearly 40 percent from $60,000 three years earlier.
“The industry is in a tough spot, with fewer films and smaller studios, but with a growing number of studios, fewer films, and more studios, we’re going to need more money,” said Jason Blum, founder of the film development company Blumhouse Productions, which specializes in short-form and feature films.
“We’re seeing the most lucrative time of the year, when people are out, so you need a lot of capital and a lot more talent.”
A new report from the Institute of Scrap Recycling & Recycled Materials estimates the industry will see an $8.2 billion increase in 2016.
“I think it’s really about the distribution of talent,” said Michael Siegel, the co-founder of the Recyclers International trade group, which has worked with film and television companies to develop recycling programs for film studios.
“There are a lot fewer opportunities for film and TV people to get involved, so there’s a lot less demand for film-making and distribution.”
While the industry has benefited from a boom in international film production, the number of foreign-born employees in the U.S. is expected to drop by more than 1.5 million over the next decade, according to a survey by RecycleRecycle.com.
“As more people move overseas, we have more of an obligation to get them to make a film that works in their country, regardless of their citizenship,” Siegel said.
The study says only 2 percent of Americans will become film and video-industry employees in 2040.
“That’s the kind of work that’s going to go away,” Sayers said.
“Film and video are the two things that people have come to love.
It’s been the most successful form of entertainment for the past 60 years, and it’s going away.”