• (the) Lion (also Leo) -- Variety-ese for Metro-Goldwyn Mayer (MGM) Studios, so referred to because of the company's legendary "Leo the Lion" logo; "A spokesman for the Lion declined to comment on the deal."
• LAFCA -- Los Angeles Film Critics Association.
• laugh track -- Industry term: Audience laughter that is recorded to be played back when a TV show is aired
• legit -- legitimate (live) theater. The term seeks to differentiate serious theater (think Shakespeare, think O'Neill) from vaudeville or burlesque; "Choreographer Michael Kidd distinguished himself in legit before working in pictures."
• legs -- stamina at the box office; "The film opened big but rival distribs are dubious about its legs."
• lense -- to film a motion picture; "The project will lense in Rome and New York."
• longform, long-form -- TV programming that is longer than an hour in duration; a TV movie or miniseries; "The company specializes in longform production."

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