Despite recent box office hits like “Barbie” and “Oppenheimer,” Hollywood is facing serious challenges. The box office is still down 20% from pre-pandemic levels, and streaming services and AI are shaking up the industry. Actor and writer strikes are also ongoing, demanding fair compensation, especially in the era of streaming. The future of the film industry hangs in the balance.
Film students should be aware of the ongoing challenges in the film industry because it directly impacts their future careers. Understanding the industry’s evolving landscape, including the influence of streaming services and AI, will help them prepare for the changing job market. Moreover, being informed about the issues surrounding fair compensation and workers’ rights is essential for future filmmakers, as they may need to advocate for their own rights and fair pay in an industry undergoing significant transformation.