Hollywood, Streaming and the Decline of the Hit Driven Business Model
People have been predicting the end of Hollywood as we know it for a long time. Talking pictures were first dismissed as a novelty, then eventually embraced. Television proved destabilizing for the studio system that preceded it. And now, Chris Moore, a veteran of the hit-driven Hollywood business model of the 80’s and 90’s is bemoaning an underlying shift in the business, driven by the popularity in part of streaming services and behavioral changes unleashed by the pandemic.