Netflix Cancellations Spiked After Reed Hastings Donated to Kamala Harris

Say goodbye to another tough week in Hollywood. Disney cut about 300 jobs. Paramount implemented its second round of layoffs in the last few weeks. And John Malone, the godfather of cable, said streaming is a crappy business. While things are likely to get worse before they get better, the long-term outlook for the entertainment business is still quite bright. I explained why in an essay for the latest issue of Businessweek: The Case for Optimism in Entertainment.