The end of the actors' and writers' strikes in Hollywood has accelerated the dawning of a new cost-cutting era in film and TV production as the burgeoning streaming industry shifts to a new business model.
The new labor contracts are adding to a fiscal cliff looming in front of the industry, which has seen mounting losses in streaming and an evaporating cable TV bundle.
As a result, what has been an insatiable demand for new streaming content over the past three years is expected to diminish by at least a third during the next three years in Hollywood, according to a report in the Wall Street Journal.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
