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Newspaper
Lompoc Record
Location
Lompoc, California, United States of America
Date
Oct 04, 1971
Page
8
Hollywood faces a lingering downturn as big budgets flop and unemployment rises yet signs of improvement appear. Industry leaders note a tentative shift in sentiment with reports of increased production and a modest uptick in activity after a year of cutbacks and layoffs.
Hollywood trades expect a rebound as TV demand drops and film production rises. IATSE notes 85 percent employment with Universal reporting a September all time record of 30 composers and 1,875 musicians. AMPTP predicts 1971 filming will exceed 1970. Some leaders warn the upswing may be seasonal while others forecast sustained growth.
Hollywood faces a structural shift as major studios fade and independents and on location filming take the lead. Executives like Richard Berg and Fouad Said note a new era where unions and long term contracts give way to project based hiring. Despite uncertainty, optimism rises that the industry will reinvent itself with lower budgets and diverse production paths.
The ocean surface is 13 miles closer to Earth's center at the poles than at the equator, meaning sea level is not a true level. This fact reflects the planet’s equatorial bulge and gravity variations.
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