Will Hollywood Ever Recover From All The Recent Industry Turmoil?

Topline:

The Great Culling: After the streaming splurge of the past decade, the industry has retracted to the point where much of what’s left has to film abroad, or is simply of the unscripted variety. But TV will remain, as it always has, despite the popularity of sports and other non-scripted series, and the fact there will be fewer shows doesn’t mean there will be none.

Dying film ecosystem: Hollywood’s theatrical business is hanging on by a thread, as studios have slashed their production of comedy, drama and family fare, and audiences are being served almost exclusively huge action tentpoles. Those haven’t been sure bets, either. On the other hand, AMC, Regal and other theaters remain standing, and for the most part, the movies that do look different and entertaining, people show up for.

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Nobody’s having fun: Whether because of job insecurity, recent strikes or cutbacks, show business has become a much less fun place to be, and the product is suffering as a result. The solution: focus on the audience, which has been ignored in favor of investors, Wall Street analysts and the Sun Valley gang.
 

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This story is published in partnership with The Ankler, a paid subscription publication about the entertainment industry.