OH, DARN: Hollywood Faces “Devastating” Costs From California Bill Targeting Gig Economy. “A doomsday scenario for Hollywood would look like this: A law is enacted with no exemption for entertainment workers; companies opt to treat everyone as employees for all purposes to avoid complications; and loan-outs are effectively dead in the water. The last bit would be especially painful because 2017’s Trump tax cuts killed business deductions for employees.”