The onset of streaming fractured Hollywood, leading to big media mergers like Disney-Fox and AT&T and Time Warner. So what happens next? https://t.co/h9p7CBd0UZ
The way the one-two of streaming and COVID has forced the theaters to finally embrace product from sources they have rejected for decades (indie, unrated horror this case) is actually wild. https://t.co/s91Vq5Wl9T
Entertainment industry job opportunities remain scarce as studios attempt to recoup their losses from the streaming wars by slashing staff and production. As a result, some prominent industry training programs have pulled back. https://t.co/y2AWuUAp3S
The Hollywood entertainment industry is currently facing a significant employment crisis, exacerbated by a slowdown in production and the aftermath of the streaming wars. Industry veterans, many of whom have not had steady work for several months, are candidly discussing the challenges of mentoring newcomers in this difficult environment. As studios attempt to recover from financial losses, job opportunities remain scarce, leading some prominent training programs to scale back. The impact of streaming services and the COVID-19 pandemic has also forced theaters to reconsider their traditional rejection of independent and unrated horror films, highlighting a shift in industry dynamics. This upheaval has resulted in major media mergers, including Disney-Fox and AT&T-Time Warner, as the industry navigates its future.