At The New Yorker, Inkoo Kang writes about turbulence in Hollywood. “To survey the film and television industry today is to witness multiple existential crises. Many of them point to a larger trend: of Hollywood divesting from its own future, making dodgy decisions in the short term that whittle down its chances of long-term survival. Corporations are no strangers to fiscal myopia, but the ways in which the studios are currently squeezing out profits—nickel-and-diming much of their labor force to the edge of financial precarity while branding their output with the hallmarks of creative bankruptcy—indicate a shocking new carelessness. Signs of this slow suicide are all around: the narrowing pipelines for rising talent, the overreliance on nostalgia projects, and a general negligence in cultivating enthusiasm for its products. Writers and actors have walked out to demand fairer wages and a more equitable system, but they’ve also argued, quite persuasively, that they’re the ones trying to insure the industry’s sustainability. Meanwhile, studio executives—themselves subject to C-suite musical chairs—seem disinterested in steering Hollywood away from the iceberg.”

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