The End of Hollywood (As We Know It)

Great article in Vanity Fair about Why Hollywood As We Know It Is Already Over. The gist? There's a lot of hubris in the industry where the powers that be don't seem to think they'll be affected by our new age of digital everything in the same way that the music industry, book industry and news publishing industries have been. Granted, they do have the advantage of learning from past lessons but to think that spending $50+ million on a single title is going to consistently turn profits is ridiculous.

That's really just the tip of the iceberg in terms of subjects covered in the piece so, please, give it a deep dive.

via Becky.