The Looming Recession: How Much Damage Will It Do in Hollywood?

Inflation is up. Media stocks are down. And everyone in the entertainment industry is wondering what’s coming next.

When the looming recession arrives in Hollywood — sometime late this year or early next, as most analysts predict — just how bad will it be for entertainment industry? Will there be massive layoffs? Or merely hiring freezes? Will it decimate box office? Or actually help it? How would a downturn impact the streamers, the studios, the networks, and everyone else in town?

TheWrap consulted a variety of sources — economists, industry insiders, academics — and the general consensus seems to be that there’s no general consensus on exactly what to expect, other than that whichever way the economy goes, Hollywood will surely be caught unprepared.

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Diane Haithman

Diane Haithman

Senior Entertainment Business Reporter • • @dhaithman