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Michael Douglas on the Digital Transformation and Power Shift in Hollywood

Michael Douglas, acclaimed actor and film producer, recently shared his insights on the transformation of Hollywood and his personal journey amidst this everchanging landscape. He pinpointed the rise of digital technology and onset of streaming platforms as the pivotal shift during his career span. ‘Digitization has brought about a paradigm shift in every aspect, especially in the realm of sound production,’ he reflected during an impromptu dialogue at the Red Sea Film Festival held in Jeddah, Saudi Arabia.

Douglas went on a trip down memory lane to the 1970s when directors and filmmakers exercised greater authority over the creative process, leaving the ball of distribution in the studios’ court. However, he observed how the power dynamics have now drifted to the other end of the spectrum. ‘In current times, that control is wielded by the streaming platforms or the studios, which is a monumental shift from our times,’ he observed.

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Further, he broached the topic of tech conglomerates assuming a dominant role, which, according to him, is an emerging reality in the film industry. Douglas pointed out, ‘This era witnesses the tech giants from Silicon Valley sweeping over, redefining what we once knew as a colossal business.’ He mentioned industry giants like Apple, Amazon, and Netflix, highlighting how their vast resources allow them to create impact and dominate the market.

Douglas then shifted the conversation from industry trends to personal experiences, recounting his early struggles as an actor. Living under the towering reputation of his father, Kirk Douglas, was a massive challenge. Insisting that he was not comfortable with the tag of a ‘Hollywood nepo baby,’ he expressed his utter reluctance to this terminology that is largely emergent amidst criticism towards descendants of established celebrities who allegedly take advantage of family links to succeed in the ruthless entertainment industry.

‘No father, regardless of his profession, whether a plumber, contractor, or carpenter, would hesitate to lend his son a helping hand,’ Douglas pointed out to the gathering, expounding on his nuanced take on the controversial issue of nepotism.

Returning to an overview of his career, it was during the late ’80s that Douglas took a leap towards stardom. His portrayals in renowned films such as Wall Street and Fatal Attraction served a critical role in shaping his career and putting him on the path to success.

Douglas also secured a leading role in the thriller Basic Instinct in 1992, another milestone that further cemented his status in the industry. He let the audience peer into his battle with early instances of stage fright, an ordeal he had to conquer to flourish in his acting career, leading to subsequent recognition including an Oscar win.

‘The element of risk invariably induces a sense of nervousness each time you embark on a project. The apprehension, however, gradually integrates into your work, becoming an inevitable part of your career,’ he explained, elucidating his journey of learning and growing through struggles.

In a notably candid disclosure in August 2010, the actor revealed that he had been diagnosed with a throat tumor, demanding immediate medical intervention. The revelation cast a dark shadow over his thriving career, halting the wheels of his professional life, albeit momentarily.

Fast forward to the present, Douglas, having bravely battled and emerged victorious over his ailment, is now thoroughly soaking up every moment life has to offer. Putting an end to speculations of him taking a back seat, he elucidated, ‘I am relishing the present moments, unabashedly living my life to the fullest. Retirement is not on my horizon.’