Corporate consolidation and technology have upended many jobs in recent decades. But few arcs are more surprising than that of the Hollywood producer.

In more than three decades as a studio executive and producer, Kevin Misher has worked on some of the most beloved movies in Hollywood, including “Rudy,” “Meet the Parents” and “Public Enemies.”

As recently as 2012, his production company, Misher Films, supported three development executives and three assistants. It had a studio deal worth more than $1 million in many years, which allowed it to acquire scripts and hire writers while meeting payroll.

But today, even as Mr. Misher continues to produce high-profile movies like “Coming 2 America” and “You People,” as well as television shows, documentaries and podcasts, his company has slimmed down amid the industry’s changing economics. Years often pass between the time producers start a project and the time they are paid. Deals for producers have dried

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