Have you seen media, arts and film that America produces recently? It's garbage.

"You're going to begin to see demand destruction based on the pricing environment." - Bob Jordan, CEO of Southwest Airlines, April 23rd

I think some of it may be demand side.

Many people spend hours browsing Tik Tok rather than watching film or television.

Even long form YouTube videos are highly popular. Many folks spend time watching those rather than movies or tv. I believe Tom Hanks was speaking about this many years ago.

That being said….

I remember growing up and my teachers would always emphasize the importance of reading. I’m sure it would be a great thing for humanity if everyone spent their free time reading books rather than on film or television. In such a scenario would people complain about job loss then? This could be a fruitful idea for a science fiction short story come to think of it.

Some of these graphs don't support the hypothesis. The movie one for example shows that employment is just slightly below what it was just after the financial crisis of 2008, and shows record job loss after the covid bump which we all know resulted in massive hiring sprees in a lot of sectors followed by massive layoffs. Is the movie and movie production sector really experiencing an apocalyptic downturn where the line will reach zero, or just returning to its median?

Apparently the amount of movies actually being produced has barely recovered to post 2008 levels.

https://www.statista.com/statistics/187122/movie-releases-in...

Interest rates and inflation have more impact than AI.

No one has any money and entertainment is the first thing you cut.

Every streaming service feels more and more user hostile. If I want to watch South Park it’s a 15$ a month subscription just for that .

Paramount Plus has nothing else.

I want to watch Lanterns, another 30$ a month.

Maybe King of The Hill , 20$ a month. The Reboot has this weird lazy animation style.