Posted on 06/21/2013 3:38:07 PM PDT by ak267
Lynda Obst, producer of blockbusters including Sleepless in Seattle and The Fisher King, says Hollywood is in serious trouble. In her new book, Sleepless in Hollywood, Obst says that thanks to the crash and burn of the DVD industry, the entire Hollywood profit model is at risk. She says an industry leader told her, “The DVD business represented fifty percent of their profits … Fifty percent. The decline of that business means their entire profit could come down between forty and fifty percent for new movies.”
Major actors and actresses are seeing their pay slashed. Directors and writers are watching jobs go down the tubes. One studio head told Obst about “famous players who regularly came to [a studio head] begging for favors – a picture, a handout, anything.”
(Excerpt) Read more at frontpagemag.com ...
Sort of reminds me of Ed McMahon. Not that I would classify him as a “star” in the classic sense.
There were two guys in the 1980s, who bought the almost defunct Cannon Films studio for just $500,000. But they truly understood a magical thing called a “profit margin.”
For example, if a movie studio spends $200 million on a movie that makes $230 million, they have not done better than a movie studio that spent $10 million and made $50 million.
Well, these two guys, Menahem Golan and Yoram Globus, a pair of Israeli cousins, did this one better. They figured that if they made 10 movies for $1 million each, and just one of them was a hit, it would pay the production costs of all 10, and then some. But if there was one hit, two that did well, and four that broke even, they would make a fortune.
And that’s exactly what they did. Golan-Globus movies are for the most part utter junk, but the two cousins made a huge fortune with them. How many of these titles do you recognize?
http://www.imdb.com/company/co0206391/?ref_=fn_al_co_1
My point is that right now there is an opening for conservatives to create a film studio that instead of making utter junk, would use its production budget for things like screenplay, real acting, music performed by musicians, etc.
Small budgets, and mostly direct to DVD, and the sort of films that Internet pirates, or liberals, have little interest in seeing or stealing.
It could also have many things that liberal Hollywood shuns, like black actors who are not jackasses, Hispanic, Asian, India Indians and American Indians, who are neither stereotypical nor throwaway characters, etc.
And there are some good actors out there who really want to act, not just play Hollywood games with drugged out freaks.
Yeah, that's why people are eschewing the use of iphones and ipads for video...
Movie stars were doing t.v. and stars that had not been seen for awhile, suddenly coming back and taking roles. Several were selling off real estate and not replacing it.
We speculated that the economy was beginning to pinch the Hollywood faction and wondered how long it would be before they turned on the Anointed One?
Make good, wholesome movies and TV shows.
No gays, no transgenders, no foul language.
Just good stories with good morals.
You could try showing some of the great things our soldiers did for the people of Iraq who they liberated. I bet there are thousands of story ideas there.
The article is delusional balderdash. There will never be conservative movies coming out of Hollywood. The industry mindset is monolithic leftism. The studios control distribution. And wealthy conservatives do not spend money to make movies.
Not exactly. They pre-sold the foreign film rights to finance the low budget projects.
Then there were other, more obnoxious and questionable practices.
LOL! Paulie Walnuts whacks Mohammed “Mo” Ali....
While I agree with your assessment of the Hollywood mindset, the article is suggesting that this mindset/industry is in a state of panic. Panic caused by the recognition of capitalism.
I explored this idea about two months ago in my vanity post:
http://www.freerepublic.com/focus/f-chat/3015497/posts
Good News, a trend has begun that will transform our media and in turn our culture.
The culture warriors on the right are positioning themselves in areas that were unheard of just 5 or 10 years ago. The tipping point is like picking a top or bottom in the Stock Market, something I would like to avoid, however I can assure you the trend has begun and will feed on itself as the new reality sets in.
snip
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I stand by my post and this article opens up additional reasons why.
Unfortunately I didn’t take more time in my post to explain the economics of the media business.
The change is happening.
“She says an industry leader told her, “The DVD business represented fifty percent of their profits …”
NOT ENTIRELY TRUE. I work in Hollywood as a producer. The large percentage or the most worthy percentage to take is the video market for on-demand and streaming video such as netflix or TW cable. You don’t have a binding contract with those, you might as well sell you TV show on Craigslist or uplaod it free via bitorrent. Most producers I know don’t even count DVD sales as their primary revenue.
I saw that and had to look at it again.
I think she was using “represented” in the past tense.
I agree. I have collections of old John Wayne movies, Humphrey Bogart, and a lot of classics. Watch them ‘cuz tv sucks. Ask my grandkids what the good movies are. Oft to my surprise they suggest the ones where the good guy wins.
Make good, wholesome movies and TV shows.
They tried. Guys with Kids was as family a show as you can get and it bombed. The American people are not interested in wholesome shows. They want filth.
What? You mean no new Ferrari’s for the movie stars this year? Bummer!!!!!
But hey, at least the Obamas get to have theirs.
And wealthy conservatives do not spend money to make movies.
Unfortunately they did....American Carol the worst movie I have watched in my life!!!! No wonder people refuse to make conservative movies with crap like that. I found it hilarious how many FREEPERS thought it was so great. It was junk at best! Now of course most FREEPERS will say it sucked but when it was released, they thought it was an Oscar Winner. UGH!!!
Alphas is really good too. People liked it so much that they are producing 12 more episodes.
Couldn’t of happen to a more vile crowd of arrogant assholes.
Good. Starve ‘em out. Every movie that you pay to see just enables more commie propaganda. Similarly every dollar you give to a college pays for more of our children to be subverted by commie propaganda.
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