2020 was a rough year for Hollywood. Like most industries, the COVID pandemic took its toll. Unfortunately for the entertainment industry, things still haven’t quite recovered as many had hoped. 2023’s box office was riddled with massive financial failures. The streaming model for television is collapsing in real time. Union strike after union strike has bundled up productions with all sorts of regulatory costs. Thanks to those factors and many more, the industry has finally hit its breaking point. Speaking with Deadline, one unnamed “veteran top TV executive” explained exactly how drastic the…