Hollywood Studios’ Failure to Plan May Be Planning to Fail

The costs of competing on a level playing field might be too high for legacy Studios when technology, and creative tenacity, are finally closing the gap between artists and audiences. 

There’s a lot to be said for making hay while the sun shines.

For Hollywood Studios, that southern California sunshine has been fabulously productive for over a century. But what happens when Studio bosses rest on their laurels just as technology offers the working class a new way to harvest?

The answer, initially, is the announcement of Hollywood studios’ layoffs. 

This last week, Paramount Global announced “phase 2” of a redundancy plan intended...