Hollywood faces a major downturn due to falling production, job losses and uncertainty driven by strikes, COVID-19, wildfires, and cheaper overseas incentives. The potential sale of Warner Brothers for a higher $18B bid from Paramount has intensified concerns about industry consolidation and political influence. As productions move abroad and AI reshapes the business, many entertainment workers are leaving Los Angeles, fearing the city’s film economy may not recover. TRT World’s Martin Markovits reports from Los Angeles.
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