It talks about the fundamental shift of power in Hollywood from media conglomerates to tech companies such as Netflix, Amazon, and Apple. This has happened before. Remember when Sony bought Columbia Pictures and set up shop on the old MGM lot? We thought the Japanese takeover was the end of Hollywood back then... it wasn't.

As someone who lives in LA and has worked in the business for a long time, things are actually good in LA for once. Netflix is building new studio space in LA. YouTube has studios here. Amazon has a pretty big building in Santa Monica. There's a boom in the amount of content needed, and lot of it is being developed and produced here.

This has happened before. The owners may change every few decades, but the business itself keeps on going.

You really looked at those graphics on market capitalization and thought there was nothing new going on?

What's happening now is a fundamental shift as big as the rise of television (which killed off a lot of big studios.) A lot of current studios will be affected. Some will get stronger, some will go away (like Fox basically just did)

But the "Death of Hollywood?" Nah, that trope doesn't sway me. Hollywood will adapt and survive.

It's that new jobs will come along and replace old jobs. Yeah machines will replace ticket takers, bartenders, and the all-important concession stand, but who's going to fix the machines? They can't fix themselves.

Far fewer, and requiring a higher level of skill than a ticket taker or cashier (lol who has those anymore amirite?)

There's no place for a person who sells you the movie ticket. It's all done through machines and Fandango. Needless to say it's a weird experience.