Hollywood’s golden age of innovation and artistry is fading, replaced by an industry stumbling through a self-imposed crisis. The rise of streaming, an overreliance on recycled intellectual property, and dwindling opportunities or audience support for new talent have left the film and television world on precarious ground.
Streaming platforms are evolving amid changing viewer preferences and competition. YouTube leads with creator-driven content, while Netflix shifts back to licensed shows to maintain its subscriber base. Growth of ad-supported services like Tubi offers budget-friendly options. The industry’s future relies on innovation, collaboration, and understanding audience needs.
Long hailed as the beating heart of the entertainment industry, Los Angeles is losing its grip on film and TV production. Once the undisputed leader of Hollywood magic, Southern California faces a dismal reality: plummeting production levels, industry layoffs, creative drain, and a mass exodus of viable projects to rival jurisdictions.
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