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Breitbart Reports: Unemployed Hollywood writers are reportedly resorting to gig work as bartenders and Doordash drivers as studios continue to slash spending across the board, resulting in a dramatic reduction in the number of TV pilots and shows receiving the green light.
“I never thought I’d be a writer for as long as I have, but I didn’t expect to run into a brick wall. I thought it’d be a slow tapering, but this feels like a cataclysm,” another said. “I don’t know if I’m ever going to forgive Hollywood for this.
Another writer moaned: “That’s where a lot of us are. Almost everyone I know who had a deal, that deal doesn’t exist anymore.”
The demise of “peak TV” has meant far fewer opportunities for even seasoned Hollywood writers. Studios are taking an ax to their budgets as the industry is facing near-catastrophic economic headwinds.
American households continue to cut the cords by the millions, depriving studios of lucrative carriage fees. At the same time, TV advertising revenue is plunging due to weak consumer sentiment tied to historic levels of inflation brought about by the Biden administration.
Studios are trying to save themselves by betting the farm on streaming entertainment, but most are still unable to make streaming profitable. Making matter worse, most of Hollywood’s new streaming content is failing to resonate with subscribers, despite non-stop hype by the entertainment media.