The movie industry is broken
From our US edition
A massive sinkhole recently opened up on Sunset Boulevard at Holloway Drive, just down the street from the heart of Hollywood itself. It’s a fitting metaphor for the financial and creative sinkhole that’s busy hollowing out the entertainment industry. “There’s sheer panic in the ranks. And it’s only going to get worse,” a longtime representative at a major talent agency told me. “We talk about it on an internal Signal chat at work. We can’t even believe how bad things are.” A lot is going wrong all at once, and a huge transition is not-so-quietly under way “The meteor has hit and the dinosaurs don’t know it yet,” according to a director and producer who has spent two decades making movies in Hollywood.
