> The balance of power has already shifted east. There are now more productions, more money and more facilities east of Madrid than west of it.
This is wild fantasy.
the global power centers of TV distribution, monetization, and intellectual property ownership remain overwhelmingly American.
You might be referring to the remnants of broadcast television. I'm referring to the screen-based productions capturing the eyeballs of tomorrow.
One serious strand of America's whip of many thongs is the inability or refusal to acknowledge the rise in power and influence elsewhere.
As Gandalf - the last remaining talkshow host - gets pulled off the bridge into the abyss, he looks up to see a motley brigade of multi-cultural hobbits dashing for the surface with their wits and wallets thankfully intact.
Please excuse my excruciating reimagining of your wild fantasy metaphor.