Part 7/10:
The ongoing strikes, including those involving writers and actors, have exacerbated the crisis but are not the root cause. Industry insiders have long warned that Hollywood’s financial model is fundamentally broken. The enormous investments in blockbuster flops, coupled with declining attendance, mean studios are now bracing to slash production. This isn’t about petty disputes; it’s a strategic move to survive economically.
In 2024, expect a significant reduction in the number of movies and shows produced, not out of spite but because Hollywood simply can’t afford the current spending levels anymore. This cleanup will reshape the industry—fewer big-budget failures, more focus on cost-effective content, and a drastic shift in how Hollywood operates.