Louisiana is becoming the new Hollywood. But at what cost?

Louisiana may have been the real winner at the Oscars, with some of the year's most critically acclaimed films being produced in the state. From Best Picture "12 Years a Slave" to blockbusters like "G.I. Joe: Retaliation," the state is becoming an entertainment powerhouse.  

That's because in 2013, Louisiana surpassed California to become the world's film production capital. 

According to the Los Angeles regional film office FilmL.A., 18 of the 108 major-studio films released in theaters last year were primarily produced in Louisiana, compared to 15 films each produced in California and Canada. 

FilmL.A.'s report emphasizes the role of financial incentives for production companies deciding where to film, and says that California must broaden its own tax credit program in order to keep Hollywood competitive: