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Beyond comedy, social media platforms like YouTube, Instagram, and podcasts have become dominant cultural forces. Audiences prefer content they can watch on their own terms, choosing from a vast array of creators and formats outside the Hollywood system.
Economic Realities: The Streaming and Box Office Meltdown
Financial data bear out these industry concerns. Last year's box office receipts were abysmal, and projections for this year are similarly bleak. Streaming is no better—while Netflix continues to turn a profit, others like Disney+ are hemorrhaging money, having lost over $11 billion in just a few years.