Hollywood SHRINKS! The Money is Running Out!
Hollywood is SHRINKING and CONSOLIDATING after studios blew themselves up chasing streaming. Netflix dominates streaming with $33.7 billion revenue and $10.4 billion profit, while Disney struggles with $23 billion revenue but only $574 million profit, exposing a stark financial disparity. James Cameron explores using AI to halve movie costs without layoffs, but this is likely unrealistic as AI will inevitably replace many industry jobs.
A situation of their own making. Go woke go broke.
Don't like the consolidating but I understand why they are doing it.