i don't mean this to be alarmist, but is the entertainment industry ok?
i've had this sense for the past few months that we're experiencing a massive shift, yet it's hard to put a pin in exactly what it is.
this is purely anecdotal, but many artist friends are going part-time, managers seem lost and unsure of what to do to break an artist. I have no clue how I'd start in todays environment.
a lot of labels/venues closing their doors. tiktok was almost a last gasp of air that is now being silenced.
labels are only signing singles that are already trending, never investing in a long term career.
the mighty pitchfork is being sold off for parts.
and this is just music, i hear about a lot of stuff falling apart in film, budgets being 1/10th of what they used to be, an overabundance of content/etc..
I think it's easy to look at fear of AI, but I don't think that's it.
is this all just a high interest rate environment? I started my career in 2007, i've never known anything else.
thoughts? theories?