Breitbart Reports: Experts have been predicting the demise of Hollywood for as long as Hollywood’s been around. Not me.

People love stories. They love movies and TV, and that will never change. But the entertainment industry is in serious trouble today, primarily because it has painted itself into several corners. There will always be a Hollywood, but what the industry looks like in five or ten years could be very different from what we see today.

Here’s why Hollywood’s in real trouble…

1. The Death of Cable/Satellite/Linear TV

“Cable/Satellite/Linear TV” is non-streaming TV, where you pay for a package of channels every month—ESPN, CNN, Turner Classic Movies, Fox News, etc.

For the sake of simplicity, I’ll use the term “pay TV.”

Although I’ve been writing about the imminent death of pay TV for more than a decade, no one else really has. There’s a reason why this consequential story has been deliberately underplayed: pay TV is the one-legged stool propping up the entertainment industry.

The importance of pay TV is rarely discussed in the media because the entertainment industry wholly owns the entertainment media. If the media covered this issue with the seriousness it deserves, stock prices would fall. Entertainment companies are judged solely by their stock prices, and the entertainment media will never risk damaging their patrons.