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.” “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. But if you read the industry’s own reporting, Hollywood’s on a roll.
