Synergy’s Downside: Layoffs Amid The Box-Office Boom

“[T]he box office seems to get better as the evening news gets worse. But unlike in the first Great Depression — when Americans would cough up 27 cents to watch Fred and Ginger dance — the bad news isn’t necessarily good news for Hollywood moguls and their employees. That’s because today, movie studios are small divisions in much larger conglomerates. … So what is happening is a strange intersection: a thriving box office, along with serial layoffs at movie companies.”