During the Great Depression people still poured into movie houses for escape and the industry thrived.
But during our current Great Depression, Hollywood is struggling and facing layoffs
Part of the reason is that people can now be entertained in their home with movie videos that are a lot cheaper than going to movie theaters.
Storm clouds gather before this year's Oscars ceremony at the Kodak Theatre in Hollywood. The entertainment industry is facing its worst economic outlook in decades.
Photo by Bryan Chan / LA Times
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