Over the past year, seismic shifts in the film industry’s value chain have accelerated - most notably in distribution. As theatrical releases shrink and home entertainment continues to erode, fewer films are being financed, and more money is vanishing from the ecosystem. This talk examines how the so-called tech revolution, led by FAANG dominance, upended traditional revenue models, dismantled physical media, and redefined content economics. We’ll explore what changed, why we didn’t see it coming a decade ago, and what it means for the future of filmmaking and financing.