Los Angeles Times: Shaken studios. Empty theaters. What Hollywood lost during the pandemic

Los Angeles Times: Shaken studios. Empty theaters. What Hollywood lost during the pandemic. “The Spanish flu of 1918 helped spur the creation of the Hollywood studio system under moguls such as Paramount Pictures co-founder Adolph Zukor, who took the opportunity to buy up failing theaters. Hollywood is experiencing another massive disruption today as a result of the COVID-19 pandemic. Titans of the entertainment and media business posted huge losses, with more pain to come. Industry-rattling trends that were expected to play out over multiple years — including the shift of movies from theaters to streaming services — have instead happened over the course of a few months.”

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