Noah Hawley , creator of TV series “ Fargo ,” “ Legion ” or “Alien: Earth,” remains optimistic about the industry.

“It has been a process to become optimistic,” he clarified at Canneseries .

“We are between the old and the new model, but there are masterpieces in every generation and we just have to figure out how to make them now. It’s a larger question about what tech companies have done to Hollywood – we have all been impacted by it. They tend to come into the industry, flood it with money and everyone feels: ‘Oh, it’s a renaissance.’ Then it all dries up.”

The last few years have been challenging. “Our biggest competition is YouTube , which spends zero dollars to make anything.…