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.
 

test article image
Getty Images

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

Significant financial flops

test article image
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.