Posted on 12/26/2022 6:29:18 PM PST by SeekAndFind
A few days back, Financial Times reported that the Dow Jones Media Titans index, which tracks the performance of 30 of the world’s largest media companies, had a 40 percent fall this year. This caused a decline from $1.35 trillion to $808 billion in total market value.
These losses were considerably higher than those in other sectors, such as banking, which saw a 14.5 percent drop, and telecommunications, which witnessed a fall of 11.2 percent for the same time frame.
Major studios, streamers, cable providers, and other media giants lost a combined $542 billion in market value in 2022.
Disney Inc., the home of Donald Duck, Mickey Mouse, Mary Poppins, Aladdin, and Toy Story faltered quite badly. The stocks of this once invincible brand and iconic American company plummeted by more than 40 percent this year. The company faces weak profitability for the foreseeable future, prompting the firing of CEO Bob Chapek and the return of former CEO Bob Iger.
Netflix experienced an unprecedented two consecutive quarters of subscriber losses this year, which resulted in layoffs and cost-cutting across the board. For the year, the stock is down more than 50 percent.
Other big losers include Paramount Global, whose stock has dropped more than 40 percent, and Warner Bros. Discovery — the parent company of CNN — whose stock has tumbled more than 60 percent.
Comcast — the parent of NBC and MSNBC, as well as Universal — is down more than 30 percent for the year.
There are myriad reasons for these losses.
(Excerpt) Read more at americanthinker.com ...
Tom Cruise didn’t lose any...
Part of their arrogance emanates from their presumption of a monopoly.
But it is foolish and arrogant to assume that customers will swallow their pride and turn up.
This is why the media is all suffering losses: people don’t like to pay to be insulted and talked down to.
But an oasis of hope emerged in this desert of self-righteousness.
Top Gun: Maverick grossed $718 million in the United States only and $770 million worldwide, making it the best-selling film of the year.
Why did the film work?
Because the makers were solely focused on entertaining their audiences. There were no lectures or forced agendas. Instead the focus was on the valor of the armed forces. The makers of the film and its star Tom Cruise also refrained from engaging in any political messaging during its promotion.
Recently Cruise released a video expressing gratitude for the success of his film.
“...thank you for allowing us to entertain you. It truly is the honor of a lifetime,” were his exact words.
Always good news when the propagandists take in the rear...
RE: Tom Cruise didn’t lose any...
Tom Cruise actually THANKED the audience at the beginning of the Fil: TOP GUN: MAVERICK.
Tom Cruise was behaving like an old-fashioned movie star. He focused on entertaining and delivered a superlative product. When the audience supported him with their hard-earned money he was humble.
Hopefully the success of Top Gun: Maverick has taught Hollywood some valuable lessons.
WE SHALL SEE.
L.A. is a self-contained insane asylum .
Very sad.
Well that’s a shame......
Agree about Top Gun and Cruise. Not crazy about him overall because of his strong Scientology connections but he is a very smart business man and a very hard worker. Top Gun put movie theaters back in business. It was a good movie and all the things you listed. Tom Cruise is too smart to bite the hand that feeds him—the Thank You was evidence of that.
I watched Maverick in the theater. First one I’ve seen in years.
Cruise is almost always money.
His next two Mission Impossible movies will be blockbusters as well.
He’s also going to do a movie/documentary and is going to the ISS.
“Oh, sure, we lost a good half a trill, but Barack and Michelle really like us! They said so!”
Too bad…but the RATS keep winning at the ballot box…hmmmm…why could that be?
I think 4 out of every 10 people there are mental cases to some degree.
Most movies made after 2000 have a hidden, WOKE message.
$ 500 billion. That’s quite a lick.
The Top 20 Anticipated movies coming in 2023
Scream VI
Shazam II
Evil Dead Rise (Single Mom replaces Ash)
Hunger Games: The Ballad of Songbirds
The Marvels
Disappointment Blvd
Willie Wonka (prequel)
The Flash
Fast & Furious X
GOTG 3
Indiana Jones and the Dial of Destiny
Little Mermaid
Creed 3
Barbie
Oppenheimer
Antman 3
Mission Impossible 7
Dune 2
John Wick 4
Across The Spiderverse
Yeah, I am seeing another year of loses
Oppenheimer might be interesting. Mission Impossible should be all right for a popcorn flick (Tom Cruise is a reliable performer). Others? Not sure.
I don’t think they’ll change. They’re in too deep.
It’s almost every commercial, tv show, and movie.
ESG is just another level of stupid as well.
Evil Dead Rise (Single Mom replaces Ash)
Blasphemy!
Oppenheimer, Dune, Wick, and MI I will watch.
I saw the first 1/2 Dune movie on an airplane. It was really good. Made me want to reread the book.
Get Woke go broke
W.O.K.E.
Wrong
On
Knowledge
Everytime
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.