The cultural relevance of movies, and American made movies isn't going anywhere anytime soon, but I think the economics of streaming is finally playing out in the loss of the geographical concentration of power in Hollywood and California. This is the endgame of the feedback loop of streamers causing industry consolidation... the direct connection of dollars people spend to sit in a theatre seat was slowly declining,…
As much as I support unions and labour rights, the last SAG-AFTRA strike mostly just helped the big studios realize they could do more with less. Hollywood is a factory town at the end of the day, and we all know what happened to most factory towns in America. This one is just getting there a few decades after the others.
In theory the union is the only org capable of standing up to the streamers' buying power, but it has to make sense within a business model where consumers pay one monthly fee for content. I'm not even sure what that really looks like in the end.
Maybe it's also that the FTC allowed all this monopolization to happen, and turns out that having three media companies in the US is bad.