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Fortune
Fortune
Geoff Colvin

The Oscars make it clear: Hollywood is in a death spiral

(Credit: Illustration by R Kikuo Johnson)

This Sunday will be the biggest night of the year for Los Angeles: Tinseltown’s stars will turn out en masse for the Academy Awards at the Dolby Theatre on Hollywood Boulevard, to celebrate the magic that only this storied city can create.

But a look into the field for the Best Picture Oscar reveals an uncomfortable surprise: Not a single one of the 10 nominated movies was produced on the famous soundstages or studio lots of Hollywood. While some post-production was done in L.A.-based facilities, all were entirely or largely filmed elsewhere, from Marty Supreme (New York) to Sinners (Louisiana) to Hamnet (U.K.).

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