Rock Bottom: Hollywood Enters 'Full-Scale Depression'

By Daniel Walker | April 27, 2024

The entertainment sector

The year 2020 proved to be a challenging period for Hollywood, much like it was for many other sectors, with the COVID-19 pandemic significantly impacting the industry.

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Regrettably, the entertainment sector has yet to fully bounce back as anticipated. 

Significant financial flops

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via CBS News

The box office performance in 2023 was marred by significant financial flops, and the television streaming model is currently facing a crisis.