Hollywood is broke. Not the studios per se, but many of the workers in Hollywood. Many have been out of work for months, living on savings and food stamps. Even the Hollywood trades admit that Hollywood will probably NEVER fully recover from the one-two punch of the Streaming Wars and the double strikes. Will Hollywood become a burnt out industrial town soon?
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Hollywood is facing financial struggles, job losses, and declining viewership due to a variety of factors such as overspending, streaming competition, and the impact of technology, leading to frustration and anger among industry workers.
00:00 Hollywood is struggling, with studios being bought up by tech companies and facing massive debt, but there is potential for independent content creators.
02:44 Hollywood is facing major losses and workers are struggling to survive, leading to a declining industry and potential career pivots for industry veterans. Expand
06:47 Hollywood is facing job losses and fierce competition as studios cut costs, tech industry takes over, and workers struggle to survive.
11:38 Hollywood’s decline is due to greed, streaming competition, alienating audiences, and overspending on subpar entertainment, leading to job losses.
15:29 Hollywood is struggling with decreased production and monetizing viewership on streaming platforms, leading to a decline in work opportunities, while people are turning to old shows to avoid the influence of stars’ political views.
18:16 Hollywood is financially struggling, with projects not getting picked up and directors using GoFundMe to pay their people, leading to anger and frustration towards the government and employers for not planning ahead.
20:31 Hollywood’s pursuit of streaming and impact of Google AI has led to a decline in viewership and content quality, causing financial struggles and job losses.
24:11 Hollywood made major decisions that led to its own downfall, and it’s not going to improve.
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