Comparative strategies for Hollywood's film industry: navigating economic crises from the Great Depression to COVID-19

This study offers a comprehensive examination of Hollywood's economic dynamics and historical resilience, tracing its evolution from its early days to its current state. It highlights Hollywood's emergence as a dominant force in the capitalist market, characterized by its oligopolistic structure, specialized production processes, and strategic approaches that have sustained its growth and influence. This trajectory has positioned Hollywood as a capitalist powerhouse, exerting control over film production, distribution, and exhibition while employing strategies that have established it as both a cultural and economic leader. A critical aspect of this analysis is understanding how Hollywood has managed to prosper during challenging economic periods, such as the Great Depression and the COVID-19 pandemic. The study draws parallels between these two crises, examining the mechanisms that enabled Hollywood's survival and continued success, and discusses potential future strategies, emphasizing innovation, adaptability, and inclusivity as essential components for maintaining success in an unpredictable global environment.