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Hollywood Lost More Than $500 Billion in Market Value in 2022
Breitbart.com ^ | 25 Dec 2022 | David Ng

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 ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: comcast; disney; entertainment; hollywood; netflix; stockmarket
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To: E. Pluribus Unum

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


41 posted on 12/25/2022 5:33:29 PM PST by pangaea6
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To: pangaea6

When everybody has a 72 inch HD screen in their living room and the food is so much cheaper there....


42 posted on 12/25/2022 5:34:50 PM PST by nascarnation
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To: pangaea6

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.


43 posted on 12/25/2022 5:50:29 PM PST by Captain Peter Blood
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To: nascarnation

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.


44 posted on 12/25/2022 5:51:41 PM PST by Captain Peter Blood
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To: E. Pluribus Unum

Good! I hope the whole lot of them go belly up.


45 posted on 12/25/2022 6:23:32 PM PST by servantboy777
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To: E. Pluribus Unum

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


46 posted on 12/25/2022 6:45:40 PM PST by NWFree (Somebody has to say it 🤪)
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To: E. Pluribus Unum
I'm hoping for an honest biopic of the life of Nathan Bedford Forrest. It would be a blockbuster and really mess up the current bunch of revisionist historians.
47 posted on 12/25/2022 7:06:05 PM PST by vetvetdoug
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To: ridesthemiles

My son tells me that the new Avatar movie is being called a “screen saver”.


48 posted on 12/25/2022 7:13:42 PM PST by The Duke (Never Retreat, Never Surrender!)
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To: E. Pluribus Unum
Well, golly gee, "Sorry about your luck," Hollyweird!


49 posted on 12/25/2022 7:35:16 PM PST by VideoDoctor
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To: silent majority rising

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.


50 posted on 12/25/2022 8:23:55 PM PST by Getready (Wisdom is more valuable than gold and harder to find.)
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To: butlerweave

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?


51 posted on 12/25/2022 11:44:37 PM PST by Forward the Light Brigade ( Ride to the sound of the Guns!)
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To: MAGA2017
All of the stories are highly original, with an unexpected ending that leaves you thinking. Like stage plays, shot mostly on TV sound stages. Patrick MaGee (Asylum) gives a powerful performance in the "What Big Eyes" episode.
52 posted on 12/26/2022 1:50:11 AM PST by Angelino97
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To: Tolerance Sucks Rocks

May he?

https://www.youtube.com/watch?v=hOgALTFzFbQ


53 posted on 12/26/2022 2:12:24 AM PST by Hillarys Gate Cult (I stayed drug - free going on 63 years for this?)
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To: E. Pluribus Unum

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.


54 posted on 12/26/2022 2:34:14 AM PST by dennisw ("You don't have to like it. You just have to do it")
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To: MAGA2017

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.


55 posted on 12/26/2022 2:37:43 AM PST by Chickensoup (Genocide is here. Leftist extremists are spearhheading the Genocide against conservatives. )
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To: E. Pluribus Unum

Went to one movie, Top Gun: Maverick. Good movie... First movie in a theater since 2017.


56 posted on 12/28/2022 8:17:26 AM PST by Deplorable American1776 (Defund the FBI, the American Stasi.. you had ABSOLUTE)
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