They lost audience by using entertainment as propaganda platforms with poor writing, and unappealing stories, they lost viewers at awards for using wins as a platform to make speeches for their favorite propaganda items. They had just one job: Entertain. They failed. They got bail out covid money from government (taxpayers) , so they haven't learned the economic lesson from poor product in tv and film yet and blamed it on the pandemic closing theaters. Hollywood leftists should take the award ceremony failure as a warning that 2021 will be a financial disaster (please don't bail them out again with taxpayer money) . People aren't signing up for streaming the shit they produce, people are tuning out of sports and any tv show that is used as a leftist propaganda platform.