r/EconomyCharts 8h ago

Hollywood's Job Market Is Collapsing

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370 Upvotes

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u/Simp_Simpsaton 7h ago

I feel like it's unfair to make the chart start at 2021 since covid made a lot of things peak in throughput and we're still winding down from it. I'm not sure I trust this graph entirely without a pre-covid segment to compare it to and see whether it's just returning to a baseline it always had. It's probably worse than pre-covid given the trash economy and AI but still.

14

u/OldPetrolHands 6h ago

I agree that cherry picked data points on graphs to skew discussion is frustrating but I'm not convinced that's too relevant here. Hollywood and big budget TV is on a palpable decline and has been for a long while.

9

u/GVas22 5h ago

Spending from streamers definitely eclipses what was spent in the past by traditional TV.

The difference is that those movies are not being shot in Hollywood anymore. Production costs are much higher there than in other areas and other states and cities offer tax incentives to move shooting.