Hollywood enters a frugal new era

Hollywood sign overlooking Los Angeles city, taken from the back side.

2024-07-03  1295  晦涩

The turbulent picture at Paramount reflects the state of Hollywood. Show business has entered an age of austerity. Cinema is suffering from long covid; this year’s domestic box-office takings are forecast to be 30% lower than in 2019. Cable subscriptions are falling faster than ever, with a record 2.4m Americans cancelling their pay-TV in the latest quarter.

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