Hollywood, a name synonymous with cinema, is seeing its stars fade. Much more than a mythical place, it’s a global industry that generates revenue in the billions making it one of the biggest contributors to California’s economy. Battered by the COVID-19 pandemic, strikes, and devastating wildfires, the film industry is struggling to catch its breath. The box office is plummeting, and studios are relocating for lower production costs — be it in the United States or abroad. Is Hollywood at the dawn of a revival or at the end of its reign? Valérie Defert and Pierrick Leurent explore the challenges facing the movie capital of the world.