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Hollywood Clobbered by Weak Advertising as Bidenflation Weighs on Consumer Spending

Hollywood went whole-hog for Joe Biden in 2020, with celebrities, entertainment executives, and network news divisions working overtime to stump for the candidate. Now the industry is feeling the consequences of its actions as advertising revenue is cratering across the board as a result of consumer fears tied to Bidenflation and the prospect of a prolonged recession.

Patrick T. Fallon ; Andrew Caballero-Reynolds/AFP via Getty Images