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The Journal.

The Case of the Hollywood Shutdown

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.25.8K Ratings

🗓️ 28 July 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

Amid Hollywood’s biggest strike in 60 years, WSJ’s Amol Sharma dons his investigator’s hat to find out who’s to blame for the standstill. Further Reading: - Streaming Brought Hollywood to a Standstill. Now Comes the Pain. - TV’s Golden Era Proved Costly to Streamers Further Listening: - One Hollywood Writer on the Industry’s ‘Dire’ Situation - Why ‘Yellowstone’ Is One of TV’s Most Expensive Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

A mole Sharma is our media and entertainment editor.

0:09.4

And over the years, he's seen a lot go down in the industry.

0:13.7

But nothing quite like this.

0:15.9

It's the biggest for the industry in 60 years.

0:34.9

And Hollywood is at a standstill.

0:39.0

It's a ghost town.

0:40.0

I mean, all the places that should be producing stuff are shut down.

0:44.7

So every lot is basically very quiet.

0:48.6

You'd normally see a lot of hustle and bustle for producing broadcast shows for the fall

0:52.9

season.

0:53.9

For example, that's not happening.

0:56.8

To understand what brought Hollywood to this point, a mole says one way to think about

1:01.5

it is like an agatha Christie mystery, with suspects, motives, clues and consequences.

1:09.4

I think there's a crime scene.

1:11.6

A crime scene?

1:12.6

Yeah.

1:13.6

It's definitely a crime that's happened upon the entertainment industry here.

1:17.2

OK.

1:18.2

So who's the victim of this crime?

1:22.0

The victim is everyone who has any stake in the entertainment industry.

1:27.0

So the whole industry is the victim.

1:29.3

You can't make shows now.

...

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