Focusing on the disruption occuring without much involvement of the AI factor, According to your work the first wave; I do get Hollywood is loosing money to the likes of Netflix and YouTube but the income they are getting from this little partnership to air their movies isn't it something to keep the company name for few years awaiting the second wave ?.
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People are turning away. It is a game of eyeballs and they do not have the attention they did. This is why they are having to write down their traditional media properties...they do not have the same value it once did.