Hey, it's Bill Simmons. Did you know I've had my podcast for 15 years? Do you know that it is

the most downloaded sports podcast of all time? Did you know I have guests from the sports world,

from the culture world, people who work for the ringer, people outside the ringer, celebrities,

experts? You name it. It's on my podcast three times a week, late Sunday night, late Tuesday night,

late Thursday night. The Bill Simmons podcast, check it out on Spotify.

What happens now? What happens now? How will I cope? How will I cope?

Sometimes you don't want to talk about cancer that people you know. You just want to talk to

someone who knows how you feel. That's why I joined the Macmillan online community. We know what

it's like because we're living with cancer too. And whatever is on your mind, we're here to help.

To join us, search Macmillan online community.

Today's episode is about the miserable state of the media and entertainment business

with a special look at the last 20 years of the Walt Disney company. We are, I think, hopefully

in the final chapter of the strikes that have brought Hollywood to a standstill.

I hope the writers get higher pay. I hope non-alist actors get higher pay. I hope that the richest

of Hollywood helped to make life a little easier for the folks in this business who aren't stars.

But I also think that zooming out of the labor strikes because this podcast is not about the strikes

themselves. If we're looking at the big picture, the strikes are only a small part of the crisis

that hasn't flamed entertainment. The writers are rightfully fighting over their slice of the pie.

But the biggest story in this industry is about the size of that pie. And it's getting smaller.

As I said in a podcast in this topic a few weeks ago, total profits in Hollywood have been

decimated by the rise of streaming as the cost of building direct to consumer businesses rose

and talking about, you know, your Disney Plus and your Max and the number of original

...