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Keyword: hollywoodnightmare

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  • Hollywood Nightmare: From Netflix’s Stock Swoon to Mass Layoffs, Anxiety Grips Industry

    05/05/2022 3:49:30 AM PDT · by Libloather · 18 replies
    Variety ^ | 5/04/22 | Brent Lang, Diane Garrett
    Fear and loathing are on the rise in Hollywood as top execs and rank-and-file employees grapple with growing uncertainty about their place in a rapidly changing entertainment industry. One pervasive concern: that the streaming-fueled content bubble has finally burst, with more consolidation on the way. Wall Street darling Netflix lost $54 billion in market value in one day last month amid concerns about a slide in subscriber numbers and promptly reorganized its marketing department once again, axing writers on its fledgling Tudum fan site five months after launch. And the fallout from the Warner Bros. Discovery merger and Amazon’s acquisition...