Posted on 03/27/2017 11:50:57 AM PDT by drewh
The Los Angles Times Ryan Faughnder reports that the traditional Hollywood film business faces several key challenges as a by-product of disruptive technology and changing distribution methods, resulting in a high level of executive turnover at the major studios as the industry attempts to adapt to evolving consumer tastes.
From the outside, Hollywood looks like a thriving town with massive blockbusters and growing box-office revenue. But pull back the curtain and the legacy movie business is under siege, contributing to the highest level of executive churn in years.
Three of the six major studios Paramount, Sony and Fox have removed or replaced their top executives in the last year. Jim Gianopulos, the longtime head of the 20th Century Fox movie studio, lost his job. Paramount Pictures Chairman Brad Grey was pushed out. Michael Lynton resigned last month as chief executive of Sony Pictures Entertainment. Warner Bros., Walt Disney Co. and Lionsgate have also made high-level changes.
The management shake-ups signal wider challenges in the movie business amid fast changing viewer habits. Consumers are going to the multiplex less often and gravitating more to premium television, streaming services and video games. The media companies that own the studios also are grappling with shrinking cable subscriptions as more consumers cut the cord.
Mid-budget movies in particular have been a casualty of the see-it-now-or-see-it-never marketplace. Warner Bros. Live By Night, a gangster movie starring and directed by Ben Affleck, this year grossed a pitiful $10 million domestically on a $65-million production budget. A similar fate befell Brad Pitts World War II drama Allied, a project that Grey touted in presentations to film journalists.
(Excerpt) Read more at breitbart.com ...
If you like a good old fashioned zombie movie, I recommend “Train to Busan”
“No one wants to spend $12 for a small coke and small popcorn that cost the theater 75 cents to make.”
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2017 Total Lifetime Gross Receipts (To Date)
Beauty and the Beast: $317 miilion domestic/$375 million foreign=$691 M
Logan: $206 million domestic/$364 million foreign=$565,000,000
Lego Batman Movie: $171 million domestic/$121 foreign=$292,000,000
Get Out: $147 million domestic/$7 million foreign=$154,000,000
Split: $137 million domestic/$128 million foreign=$265,000,000
http://www.boxofficemojo.com/yearly/chart/?yr=2017&p=.htm
In reading this post I thought I was reading about myself! Till I saw your name.
I got hundreds of OLD GOOD movies! Why waste time watching modern trash.
We have tons of old movies. A whole room full of dvds of everyone’s favorites.
Did you ever see the remake of True Grit? Jeff Bridges did a fine job of following in Wayne’s footprints.
Public Library. Commercial TV.
TCM or nothing.
We are retired and can’t afford movies, so we watch the great old films on TV. We watch no network shows because the comedies aren’t funny and the dramas are poorly done, with the rape and murder of women the repetitious plot in 80% of them...hardly an entertaining subject except to woman haters.
I did not prefer the remake to the original, but, yes, Jeff Bridges acquitted himself well in it. Jeff Bridges sort of straddles the old Hollywood era and the new. He's been in several good films in his career.
By this point most of Hollywood's money shouldn't be coming from theaters but from television, DVD, and streaming.
If they're just counting on cinema receipts they won't be in business much longer.
If you like a good old fashioned zombie movie, I recommend Train to Busan
I kept on waiting for the high school baseball team to bust out their bats on the zombies, but it never happened.
analyists saying a lot of big budget summer flops coming up. DC limited the budget on Wonder Woman to ‘only’ 100 mil
Pretty much sums it up.
I can’t believe feminist nutcase was selected for beauty and the beast. she is not a beauty. they have the story 100% wrong. Then they toss poofy propaganda on top.
That is absolutely true. My family has consumed more Korean TV than US TV by a factor of about 20 over the past three years—and we have zero Korean heritage. Their stuff is just that good.
Yep, Descendants of the Sun, Goblin, Legend of the Blue Sea (Mermaid), and Dr. Crush in the past year were all excellent. Romantic Doctor Teacher Kim was not bad. Checking out Saimdang and Rebel now. Yoon Kyun Sang was excellent as Moo Hyul in Six Flying Dragons, am hoping to see that again in Rebel.
there are no more actor or actresses. They are just mannequins propped up in specific positions so editing can slice and dice a propaganda vision.
it is all “save the cat”
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