October
17
Yep, more bad news: Fortune analyzes Hollywood's future
It's Fortune's turn to weigh in on the Future of Hollywood in These Tough Times and Richard Siklos says a "big-deal agent" told him that " 'Everybody's putting their tail between their legs. It's hard to get deals done.' More worryingly, one senior TV executive posited to me: 'I can almost guarantee that you're going to see major cuts across our businesses.' " Bottom line: the movie industry will be fine for the next couple of years, partially because the town just saw a boom outside financing but the downturn will still hurt everyone with TV costs "under immense pressure" as both viewership and ad sales weaken. It ends with the requisite silver lining: "If ever there was a time when Americans wanted the diversions of movies and television, it is now." [Fortune]
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>> Kim Masters says cable TV may not be recession proof [NPR, podcast]
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>> Hollywood's A-list actors still valuable -- at a price [Variety]

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