Lack of diversity in Hollywood is costing the industry billions of dollars, highlighting why diverse storytelling in Tinseltown is not only good for representation but the economy. In a study released on Thursday from consulting firm McKinsey & Company, the television industry loses $10 billion every year by underfunding Black-led projects, despite having higher returns than other projects. “The film and TV industry will continue to leave money on the table if it fails to advance racial equity,” the study’s authors, Jonathan Dunn, Sheldon Lyn, Nony Onyeador and Ammanuel Zegeye, wrote. According to the study, around 92% of film executives […]

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