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On the one hand, because LA is such a huge entertainment city, there is almost TOO much to mention in the Los Angeles voice over community. On the other hand, that means if you know what you're doing and where to dive in, almost anything can happen.
Let's start with the obvious: most of the major networks and movie studios are here (Fox, Sony, Paramount, Nickelodeon, Universal/NBC, Warner Bros., DreamWorks, etc.).
For animation, this is the biggest town we know. (The Simpsons, SpongeBob, Family Guy, American Dad, and the big Disney Features are all produced here, along with tons of direct-to-DVD titles.) Henson Studios are based here too.
And of course, LA has other unique VO opportunities like dubbing and looping on the big Hollywood movies. Almost any movie is going to need ambient sound and voices and groups of voice talent are hired to provide that.
UCLA-- one of the biggest acting and film schools, is here.
Of course the celebrity presence is overwhelming anywhere you go.
Improv is a great compliment to voice over (in Los Angeles or anywhere), because it loosens you up, gets you in your body and out of your head, and trains you to be in the moment. And Los Angeles voice over talent have access to a lot of excellent improv schools:
The Groundlings is famous for launching the careers of Lisa Kudrow, Phil Hartman, and Jon Lovitz among others. There is also Improv Olympic. And Upright Citizen's Brigade theater and training school. UCB offers training in both LA and NY. It's also a fantastic place to see hilarious, quality theater at a really cheap ticket price. Celebrities are often seen in the audience.
Comedy Central has Comedy Central Stage, a theater and showcase to help launch and expose budding comedy talents. There is also Largo at the Coronet Theater. This intimate venue plays host to both local musical and comedy acts -- and sometimes shows that combine both.
Any of the major agents that exist in New York, typically also have an LA office. (William Morris, Abrams, Paradigm, CESD, etc.)
An example of what an Edge Studio coach does here (all coaches at Edge Studio here are working LA voice over professionals): For a noted company doing CGI robot animation, our coach is post-production manager/assistant voice director for a major motion picture. She ADR'd the actor's voice to the rough robot animation, recording all week on a sound stage on the Sony Pictures lot. A lot of fun.