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Maybe one could reasonably blame on-line video and or video games if this were a global phenomenon.

But it isn't. China and India are going gangbusters. Japan is thriving and doing strong work. Nigerian cinema is projected to hit 3 million ticket sales for the first time this year. The UK--is at least stealing work from Hollywood with tax breaks. Korea had a rough patch, which they turned around by doing more mid-market films.

The US studios problems are unique, which at least suggests that the answer lies in the failures of their leadership. Perhaps their long project of abandoning original mid-market films to push bloated huge special effects heavy franchises was ill-advised. It's almost Like having a portfolio of 10-20 reasonable original bets is better than investing everything in a single expensive "sure-thing" sequel it increasingly seems like no one actually wants to see.

So I agree that Hollywood has stopped innovating, but am dubious that any other problems has much to do with Youtube (as much as I enjoy YouTube).

by DiscourseFan39 minutes ago|

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To be honest, a lot of the YouTube content creators, especially the most successful ones, actually moved to LA and Hollywood already, suggesting that its not Hollywood itself, as a place for developing fresh ideas, that is dying, but its more established institutions. I would say that if you are in LA right now, there is no end to the amount of young people ready and willing to work on some creative entertainment project, but the market is YouTube, and the biggest studio is MrBeast's (among others).