What Did We Learn? Hollywood Is Back in Biz, but Ripple Effects of Strike and Streaming Shakeout Are Just Starting
By Cynthia Littleton
Hollywood’s season of strikes came at enormous cost to the entertainment industry. It came in projects that weren’t greenlighted, sleeper hits not realized, breakthrough gigs not booked and paychecks not earned.
But by the simple math of Hollywood’s true bottom line, there’s no other way to say it: The strikes waged by the Writers Guild of America and SAG-AFTRA were a short-term financial gift to studio conglomerates that had already been listing because of streaming losses. The …