With Eric Garcetti set to land a new role as US Ambassador to India, he will leave behind a checkered legacy as the 42nd mayor of Los Angeles. While the city’s homeless problem for decades did not begin under his watch, it turned into an unmanageable humanitarian crisis during his eight-year tenure. Still, Hollywood will lose an advocate who understood and relied on the media and tech industries to help define their tenure.
A member of the Screen Actors Guild and classically trained pianist, Garcetti has a number of industry players including Jenji Kohan, Joey Soloway and Jimmy Kimmel as friends. He appointed the city’s first film czar during his first term and helped convince state lawmakers to triple annual funding for California film and television tax credits to $ 330 million. dollars, which resulted in a record increase in local filming.
“He understood that our film and television industry is the lifeblood of the Los Angeles middle class, so we needed to bring production back so families didn’t have to move overseas for three months,” Eric says. Paquette, founder of Meridian Pictures and a former executive at Sony Pictures who served as chief financial officer for Garcetti’s first mayoral race. “Eric is a naturally curious person and he has been able to evolve in all these worlds with great authenticity.
In 2017, Garcetti succeeded in two major coups. The first was George Lucas ‘announcement that he had chosen to build his billion dollar museum of narrative art in Los Angeles, which beat San Francisco, Lucas’ hometown. A few months later, the International Olympic Committee announced that it had chosen LA as the host city for the 2028 Summer Olympics.
Plus, with Snap’s IPO in 2017 and the opening of Google’s new offices in the Spruce Goose hangar at Playa Vista in 2018, Garcetti can claim to make the Silicon Beach dream come true.
Whether his successor will be able – or even aspire – to woo LA’s evolving media industry is an open question. The political consultants note that the team profiles of the alleged candidates bear nothing close to the connections Garcetti had.
Some speculate that if real estate developer Rick Caruso decides to run, he could solidify industry support due to name recognition, business ties and ties to Hollywood actors. Council member Mark Ridley-Thomas reflects. Ridley-Thomas’ past work with homeless advocacy group LA Family Housing has helped him forge a relationship with the former director of Warner Bros. Blair Rich, which can come in handy during the campaign. Council members Joe Buscaino and Kevin de León, also considering races, will likely get support.
One consultant, who declined to speak officially, even proposed the name of Walt Disney Co. president Bob Iger as the ideal candidate for the industry. Iger, who previously hinted that he would consider running for public office and has been in the mix for ambassadorial positions in the Biden administration, is expected to retire as president at the end of the l ‘year. On June 3, Iger sold $ 98.7 million in Disney shares.
And while Iger made no mention of showing up, that hasn’t stopped political observers from hoping. “He should absolutely run,” the consultant said before adding with a chuckle, “What else is he going to do?