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Paramount shutters television studio, begins major layoffs ahead of Skydance merger
(www.latimes.com)
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In the short term this is absolutely horrible. But this is an opportunity in the long term. With these companies Outsourcing more and more work. Much of the creative work to AI. Their product will be lacking heavily overall.
Much like with music. The barriers to video editing and production have gotten extremely low compared to what they used to be. Hopefully a lot of these people find a way to make an opportunity of this and go into business for themselves to stick it to their old bosses.
I don't watch broadcast or cable television. I even watch very little on the big streaming platforms. I would much rather give my attention span to smaller more creative passion projects. Then just more reality TV spam or AI pumped out dribble