03/28/2008 02:45 am ET Updated May 25, 2011

Film Industry Keeps Big Easy Afloat

Call it "the other LA."

In addition to sharing the same abbreviation as the film industry's capital, the state of Louisiana is capturing more of the dollars going into movie and television production -- roughly half a billion dollars for about 50 projects this year.

While it isn't exactly pirating away thousands of jobs and making Southern California economists nervous, the boom in Louisiana's film industry is raising hopes it can be a catalyst for recovery from economic devastation wrought by Hurricanes Katrina and Rita.

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