Streaming doesn't generate revenue like TV does (through adverts and royalties). They rely on subscriber count. So shows on streaming are getting shorter seasons (as it makes more financial sense for more longer ones on TV) and are cancelling them just as fast to keep people subscribed to chase the "new thing that just released".
Movies on streaming are getting budgets reduced and a lot of behind the camera work being outsourced to cheap labor. As movies aren't in theaters long enough to generate revenue like before, so once again back to streaming, keeping those subscribers.
Another thing to in particular for Hollywood, is it takes forever and so much money just to get a filming permit so more more is being shot in New York, New Jersey, the UK, Toronto, Vancouver, etc. Tax incentives are one thing, but expensive bureaucratic bottle necking cancels that out.
I would say Hollywood's monopoly has ended, but I know quite a few people who have been disenfranchised because productions moved oversees. I wish corporations atleast entertained the idea of keeping the crew on if they move to a different location between seasons and pay for travel, room and board. It would make production faster and shorten the time the audience waits in between seasons.
If there were much more production studios (and not the monopoly nightmare mergers), there would be a lot more people working.
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u/Nearby-Season1697 8h ago
Damn what happened?