Posted on 12/25/2022 1:38:37 PM PST by E. Pluribus Unum
For Hollywood, 2022 was truly an annus horribilis.
Major studios, streamers, cable providers, and other media giants lost a combined $542 billion in market value in 2022, with left-wing studios the Walt Disney Co., Netflix, and Comcast accounting for the bulk of the bloodshed.
The Dow Jones Media Titans index, which tracks the performance of 30 of the world’s biggest media companies, shed 40 percent this year, with its total market value declining from $1.35 trillion to $808 billion, according to a Financial Times report.
The losses outpaced indices for other sectors, including banking, which saw a 14.5 percent drop for the year, and telecommunications, which fell by 11.2 percent.
Hollywood’s horrible year was the result of a one-two punch of a downturn in the streaming market coupled with consumers continuing to cut the cord by the millions. In addition, the advertising market has cratered as households cut spending as the costs of essentials like food and energy continue to skyrocket due to President Joe Biden’s (D) disastrous economic policies.
Woke companies paid the highest price in 2022.
(Excerpt) Read more at breitbart.com ...
Thanksgiving and Christmas used to be a big movie theater release tike. I couldn’t tell you what’s playing at the theater this year
When everybody has a 72 inch HD screen in their living room and the food is so much cheaper there....
Wasn’t one good movie that came out on the Holidays this year. About 3 weeks ago I went to the theater for the first time in about 5 years and saw Violent Night and enjoyed it. Cost $20 Million to make and it has made it back and then some.
Tom Cruise owns it right now and proved a great script and fine acting can dominate the box office and make money. No doubt it will be ignored at the Oscars which is a shame. It had every element that Hollywood used to believe in and have for a successful movie. Tom puts everything into a film and is always thinking of the fans.
I just read the local critic’s top 10 list, I saw none of them nor do I want to, all of what I like to call Art House films, hardly anyone in the public will go to these things. Top Gun wasn’t on the list, it was on his second top 10 list and was last in that one. I hate these snob, so called intellectual movie critics, they know nothing.
You got it, I went to a movie 3 weeks ago, first time in 5 years, the beverage and food I had was $27 and there were no hot dogs which is what I wanted.
Good! I hope the whole lot of them go belly up.
Is that all?! I believe we can do BETTER than that.
I propose a goal of a TRILLION back down the toilet from which it came
My son tells me that the new Avatar movie is being called a “screen saver”.
Not really. They are a luxury item.
We need solid communication between God and mankind and visa versa, and between friends and family. That will take up all the spare time we have.
Hollywood forgot they are a business not a branch of Government. Its about making money not social change. Same with newspapers and cable news and sports. No one wants to be lectured to, hit over the head, with any agenda. If it aint broke, don’t fix it. Go back to making simple movies that do not preach a Woke Message. Look at the success of Top Gun?
Hollywood puts out mostly boring and juvenile product. I just skimmed (fast forwarded) through a crappy movie called The Courier, with Gary Oldman in it. Jack Ryan #3 on Amazon Prime was an 8 out of 10, and the only movie/TV I have liked in the last 12 months.
One of the more interesting issues I see is how even newer fare locates itself in the 90s or earlier to avoid our current social issues and dealing with devices.
Went to one movie, Top Gun: Maverick. Good movie... First movie in a theater since 2017.
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