Hollywood is locked in a death spiral that it may never be able to reverse, a report claims.
The days of La La Land may be numbered with the pressures of how people consume entertainment continuing to undergo massive shifts. And the legacy studio system is struggling to respond and reinvent itself accordingly, especially in the U.S. as productions of movies and TV shows flee California in droves and even increasingly head to other countries looking for far cheaper costs.
TV series and movies both are being produced in far fewer numbers in California leaving employees and actors without work. And as far as movies go, fewer are even being…
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