Hollywood has gone dark, and it's crushing thousands [CNNMoney.com]
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Source: CNNMoney.com
Hollywood has gone dark, and it's crushing thousands New York (CNN Business) Hollywood is no stranger to pandemics on the big screen. But for the real life version, there is no script. On any given day during the global coronavirus pandemic, a captive audience flocks to the streaming service of choice to watch TV hit series and movies ?they missed in the theatre. But for the hundreds of thousands of craftspeople, technicians, and artisans who make up the backbone of the film and entertainment industry, livelihoods were thrown into limbo when Hollywood studios were forced to halt production. In California alone, film and entertainment production supports more than 722,000 jobs and $68 billion in wages, according to the Motion Picture Association. In the last fiscal year ending in September 2019, the industry generated over $2.4 billion in direct in-state spending, according to the California Film Commission. The pandemic proves an unprecedented challenge to the industry's creati
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- How Ted Sarandos became the ultimate Hollywood gate-crasher [Los Angeles Times (CA)]Los Angeles Times
- Netflix Only Buying Warner Bros. To Sabotage A Rival Streamer? [Yahoo! Finance]Yahoo! Finance
- Cinemas and unions sound alarms over Netflix-Warner Bros. deal [Los Angeles Times (CA)]Los Angeles Times
- I Can't Believe This Addictive Netflix Thriller Is Still Living Rent-Free Inside My Head [CNET News]CNET News
- Netflix–Warner Bros. deal sets pp $72 billion antitrust test [Fortune]Fortune
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