Hollywood Faces Crisis as Strikes and Streaming Wars Halt Production

Industry professionals struggle with unemployment and evictions as projects are canceled and production slows.

Michael Fortin, a veteran cinematographer, faces eviction and financial hardship due to the industry's downturn.
The writers' and actors' strikes in 2023 led to significant job losses and a 40% drop in US film and TV production.
Paramount recently announced layoffs affecting 15% of its workforce amid ongoing industry consolidation.
Los Angeles Mayor Karen Bass has formed a task force to explore incentives to revive local film production.
Experts suggest the streaming boom was unsustainable, with many studios now struggling to achieve profitability.