"I've watched the demise of the Hollywood orchestra, the house orchestras of the big studios"

Skitch Henderson's quote talks to the altering landscape of the music market in Hollywood. In the past, the big studios had their own home orchestras, which offered the music for their films. However, as the industry has changed, these orchestras have been replaced by smaller sized, more affordable solutions. This has actually resulted in the death of the Hollywood orchestra, as less and less studios want to buy the large, costly orchestras of the past. This has had a considerable effect on the music market, as the special sound of the Hollywood orchestra is no longer available. As a result, the music of Hollywood films has actually changed, and the market has actually lost a valuable resource.