It probably won't happen, but a comeuppance like this is a long time coming. They'll likely ask for a bailout, and probably get it. But if they don't, lots of people are going to be out of work, and a lot of people are going to move away from LA.
The shockwave of it will have unintended side effects. It'll take out feeder jobs that were built up in Hollywood. Everything from production companies, to special effects companies, right down to the bottom feeders who make their living on gossip, buying paparazzi's photos, and 'power couple' rumor and speculation.
Good.
It probably won't happen, but a comeuppance like this is a long time coming. They'll likely ask for a bailout, and probably get it. But if they don't, lots of people are going to be out of work, and a lot of people are going to move away from LA.
The shockwave of it will have unintended side effects. It'll take out feeder jobs that were built up in Hollywood. Everything from production companies, to special effects companies, right down to the bottom feeders who make their living on gossip, buying paparazzi's photos, and 'power couple' rumor and speculation.