Part 2/9:
The recent strikes by actors and writers were ostensibly driven by demands for better compensation. Hollywood’s talent believed that, after years of poor quality shows and declining revenues, they deserved concessions. However, industry experts argue that the timing was ill-advised; Hollywood’s once-booming era of peak TV has largely ended. The industry is in a severe contraction, characterized by fewer shows being greenlit, shrinking budgets, and a rapid decline in demand for new content.