Your Move

Published Monday, June 08, 2009

Contrary to reports, Hollywood remains a busy place in this economic downturn—just a different kind of busy. Instead of deep production work, many companies are spending time jockeying for position in response to the recession and smaller waves of difficulty that are unique to the entertainment business—waves that have helped the recession roil Hollywood. Although box-office numbers remain solid, production overall has slowed dramatically, thanks to the toxic combination of the threat of an actors’ strike combined with the credit crunch, which has made financing major projects more complicated. Many facilities have ...

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