Not one Best Picture Oscar nominee was made in Hollywood this year—a sign of an industry in crisis.

The article focuses on the decline of Hollywood as the central hub for film production, highlighted by the fact that none of this year’s Best Picture Oscar nominees were primarily made on Hollywood soundstages or studio lots. It details how film production has dispersed globally to locations offering lower costs, such as New York, Louisiana, the U.K., Canada, Europe, and South America, leading to a significant reduction in Los Angeles-based production days and workforce. This geographic shift undermines the traditional Hollywood industry cluster, which thrived on the concentration of talent, infrastructure, and informal apprenticeship systems. Legacy studios have responded by prioritizing mergers and cost-cutting over local investment, contributing to the unbundling of Hollywood’s once-dominant production ecosystem. [Extracted from the article]