The Globe and Mail reports in its Saturday, June 21, edition that at 4,500 feet in the Rocky Mountains, the Banff World Media Festival attendees, while enjoying the views, overlooked the troubling realities of their industry. The Globe's Barry Hertz writes that on the second day, Warner Bros. Discovery announced plans to split into two to address its declining cable TV business. The following day, Paramount Global revealed it was laying off 3.5 per cent of its North American staff. If the news was not enough to unsettle the executives and filmmakers at the festival, they could focus on other crises. There is the slow progress of Canada's Online Streaming Act (Bill C-11), which has not yet secured contributions from foreign streaming services to the cultural sector. Additionally, Canadian broadcasters show decreasing interest in producing costly scripted content. The rapid impact of artificial intelligence on creativity also poses challenges, along with concerns related to tariffs. Banff provided a front-row seat to the precarious state of Canada's screen sector. Delegates remarked that the industry is either on the brink of a revolutionary new era or facing complete collapse.