L.A.’s Entertainment Economy Is Looking Like a Disaster Movie – WSJ:
The entertainment industry is in a downward spiral that began when the dual strikes by actors and writers ended in 2023. Work is evaporating, businesses are closing, longtime residents are leaving, and the heart of L.A.’s creative middle class is hanging on by a thread.
…At the end of 2024, some 100,000 people were employed in the motion picture industry in Los Angeles County, according to the Bureau of Labor Statistics. Two years earlier, there were 142,000.
We have an answer to the question: “Will AI, low-budget YouTubers, and cheap foreign talent ultimately destroy Hollywood?”