The Hollywood industry is in crisis after strikes and streaming wars

A1 Digital India News: The actor and aerial cinematographer turned his hobby of flying drones into a profitable business in 2012, when the streaming wars began. A decade ago, he moved above movie sets, creating stunning aerial shots for films and TV shows on Netflix, Amazon and Disney.

Now he's about to be homeless again. He was evicted from his Huntington Beach home, where he lived with his wife and two young children, and now he's been evicted from a Las Vegas apartment he'd moved into.

Now he plans to live in Southern California. He can't afford it. "We were saving up to buy a house, we had the money, we were doing the right thing," he said. "Two years ago, I wouldn't have had to worry about going out to dinner with my wife and kids and spending $200."

But the strike failed and production shut down a year later, after the strike ended. Projects were canceled and production cut across the city, as well as layoffs at several studios — most recently Paramount. A second round of layoffs occurred this week, as the popular film company decided to cut 15% of its workforce ahead of a merger with production company Skydance.

More than a decade ago, business boomed in Hollywood, with studios trying to keep up with new companies like Netflix and Hulu. But the good old days came to an end when Hollywood writers went on strike in May 2023. The strike lasted for months and marked the first time writers and actors worked together since the 1960s — bringing Hollywood production to a complete halt.