Hollywood in decline? US film and television producers beyond the era of fiscal crisis

Susan Christopherson

Cambridge Journal of Regions, Economy and Society, 2012, vol. 6, issue 1, 141-157

Abstract: In the national and global entertainment media production centre of ‘Hollywood’, the fiscal crisis punctuated a long-term trend towards declining employment and production capacity. Two factors explain why entertainment media production workers faced the contemporary fiscal crisis in a vulnerable position: (i) media conglomerates adopted a global strategy that severely limited financing and distribution options for medium- and low-budget films; and (ii) the decrease in mid-budget projects in film and television reduced opportunities to compose a sufficient income from project-based work in entertainment media production. This analysis demonstrates the critical role the labour force plays in project-based industries and has implications for how we understand adaptation and change over time in production ‘clusters’. Copyright 2012, Oxford University Press.

Date: 2012
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Cambridge Journal of Regions, Economy and Society is currently edited by Judith Clifton, Anna Davies, Betsy Donald, Emil Evenhuis, Stefania Fiorentino (Associate Editor), Harry Garretsen, Meric Gertler, Amy Glasmeier, Mia Gray, Robert Hassink, Dieter Kogler, Michael Kitson, Linda Lobao, Charles van Marrewijk, Ron Martin, Peter Sunley, Peter Tyler and Chun Yang

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