Part 10/12:
Despite intermittent box office successes, most evidence suggests that Hollywood’s future is bleak unless profound change occurs. The industry’s internal issues—red tape, union policies, skyrocketing costs, and cultural missteps—are largely to blame. Analysts and insiders increasingly believe that Hollywood has missed its chance to adapt and will continue to decline, potentially surpassing Detroit’s economic troubles in scale.
The industry's reliance on decentralized, perhaps even globalized production models may be inevitable. The days of Hollywood-centric filmmaking may be numbered, replaced by a more fragmented, location-independent industry—one increasingly shaped and driven by AI and global competitors.