| ▲ | jalev 2 hours ago | |||||||||||||
Some of these graphs don't support the hypothesis. The movie one for example shows that employment is just slightly below what it was just after the financial crisis of 2008, and shows record job loss after the covid bump which we all know resulted in massive hiring sprees in a lot of sectors followed by massive layoffs. Is the movie and movie production sector really experiencing an apocalyptic downturn where the line will reach zero, or just returning to its median? Apparently the amount of movies actually being produced has barely recovered to post 2008 levels. https://www.statista.com/statistics/187122/movie-releases-in... | ||||||||||||||
| ▲ | talon8635 an hour ago | parent | next [-] | |||||||||||||
Why should we expect the economy of 2026 (not 2020) be comparable to 2008? Am I missing something? Economy was awful i 2008 and we are currently in boom time markets, so boomy for so long that people have been saying it must be a bubble for years now. | ||||||||||||||
| ▲ | vasco 2 hours ago | parent | prev | next [-] | |||||||||||||
Yeah but the total hours of content produced are way up. Most video content that needs to be produced and is consumed nowadays isn't movies. | ||||||||||||||
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| ▲ | alephnerd 2 hours ago | parent | prev [-] | |||||||||||||
> record job loss after the covid bump which we all know resulted in massive hiring sprees in a lot of sectors followed by massive layoffs. Is the movie and movie production sector really experiencing an apocalyptic downturn where the line will reach zero, or just returning to its median? The 2023 Hollywood Strike strike, the COVID lockdowns shutting down theaters, and the aggressive film production (UK, Poland, Ireland, Norway, Italy, Spain, Colombia) and VFX (Ireland, India, Colombia) subsidizes right as American states like California, Georgia, NY, and others began cutting them meant much of the American film and television industry got obliterated earlier this decade. The reality is revenue is roughly consistent, but production costs one you remove subsidies (like what most of the US and Canada did) become exhorbitant in low margin industries like entertainment. It's now cheaper to produce an "American" movie or TV show in Ireland, using British actors affecting an American accent (thank Hugh Laurie, Idris Elba, and Dominic West for that), with post and VFX done in India than it is in the US. This is something that has been reported on in the space for a decade now, but not much can be done. This article is also another example of why HNers should stick to their own lane, as most lack context or visibility into other industries. | ||||||||||||||