Hollywood Media is Imploding...

Clownfish TV: Audio Edition

Hollywood’s legacy trade media outlets are almost entirely owned by one company -- Penske Media Group. And now Penske is reportedly laying off a bunch of people due to declining readership and ad revenue. It’s kind of hard to cover Hollywood when Hollywood itself is on the skids, isn’t it? Also on the skids -- TIME Magazine. ➡️ Tip Jar and Fan Support: http://ClownfishSupport.com ➡️ Official Merch Store: http://ShopClownfish.com ➡️ Official Website: http://ClownfishTV.com ➡️ Audio Edition: https://open.spotify.com/show/6qJc5C6OkQkaZnGCeuVOD1 The traditional Hollywood media industry is collapsing due to declining ad revenue, shifts in consumer behavior, and increased competition from smaller, individually-run outlets and digital creators. 00:00 Hollywood media outlets are collapsing, with major publications downsizing or disappearing. 02:09 Hollywood media outlets are laying off staff due to declining ad revenue from struggling film and TV studios. 04:11 Hollywood media is imploding as traditional publications lose ground to smaller, individually-run outlets and cheaper alternatives from podcasters and YouTubers. 06:02 Hollywood media outlets are imploding due to advertiser consolidation and redundancy, leading to significant layoffs and restructuring. 08:34 Hollywood media is imploding due to shifts in consumer behavior, loss of trust, and declining ad revenue, threatening publications with consolidation or extinction. 10:12 Hollywood media is struggling, leading to layoffs and restructuring as companies adapt to increased competition and changing consumer behavior. 12:07 Time Studios expands revenue streams through partnerships and AI, while laid-off employees prioritize their own well-being. 14:18 Hollywood media is imploding as individual creators on YouTube and podcasts gain more views and attract advertisers, threatening traditional big companies. About Us: Clownfish TV is an independent, opinionated news and commentary channel that covers Entertainment and Tech from a consumer’s point of view. We talk about Gaming, Comics, Anime, TV, Movies, Animation and more. Hosted by Kneon and Geeky Sparkles. Disclaimer: This series is produced by Clownfish Studios and WebReef Media, and is part of ClownfishTV.com. Opinions expressed by our contributors do not necessarily reflect the views of our guests, affiliates, sponsors, or advertisers. ClownfishTV.com is an unofficial news source and has no connection to any company that we may cover. This channel and website and the content made available through this site are for educational, entertainment and informational purposes only. These so-called “fair uses” are permitted even if the use of the work would otherwise be infringing. #Hollywood #News #Commentary #Reaction #Podcast #Comedy #Entertainment #Hollywood #PopCulture #Tech