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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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1 posted on 12/25/2022 1:38:37 PM PST by E. Pluribus Unum
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To: E. Pluribus Unum

Excellent. Woke and ESG are failures for most people.


2 posted on 12/25/2022 1:40:41 PM PST by EEGator
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To: E. Pluribus Unum

Woke is a dead-end


3 posted on 12/25/2022 1:41:51 PM PST by butlerweave
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To: E. Pluribus Unum

Did they recoup their losses from overseas business?


4 posted on 12/25/2022 1:44:37 PM PST by Lizavetta
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To: E. Pluribus Unum

A good example of why I prefer buying my CDs, DVDs, and vinyl used.


5 posted on 12/25/2022 1:46:30 PM PST by OttawaFreeper ("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966 )
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To: E. Pluribus Unum

We’ve gone to see a couple independent movies but I can’t remember the last “Hollywood” movie I paid to see


6 posted on 12/25/2022 1:50:10 PM PST by cyclotic (Follow 1776rm.com. Fighting for our Constitution. @1776RM on Truth)
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To: E. Pluribus Unum

Thanks for the good news.


7 posted on 12/25/2022 1:50:32 PM PST by dfwgator (Endut! Hoch Hech!)
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To: E. Pluribus Unum

Awwwww! 😭


8 posted on 12/25/2022 1:52:10 PM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: E. Pluribus Unum

Wife and I saw a total of 4 movies at theaters in 2022, the most in a long time.

American Graffiti - re-released in a few theaters in August.
Top Gun Maverick.
Downton Abbey - End Of An Era.
Where The Crawdads Sing.

Graffiti, Top Gun and Downton Abbey were all excellent. Crawdads was ok.


9 posted on 12/25/2022 1:54:59 PM PST by Roadrunner383
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To: E. Pluribus Unum

I haven’t been watching “Oscars’ recently.

This year I will—and I hope TOP GUN gets best movie.


10 posted on 12/25/2022 1:56:34 PM PST by ridesthemiles
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To: ridesthemiles

I remember when I thought that Saving Private Ryan was going to get it, then Harvey Weinstein purchased it for Shakespeare in Love.


11 posted on 12/25/2022 1:58:08 PM PST by E. Pluribus Unum (The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████.)
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To: E. Pluribus Unum

what a Christmas Present this news is!

Thanks for posting!

And, Merry Christmas to all Freepers everywhere !!!!


12 posted on 12/25/2022 2:00:16 PM PST by Cen-Tejas
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To: ridesthemiles

Best movie of the year.


13 posted on 12/25/2022 2:00:30 PM PST by Jane Austen (Neo-cons are liberal Democrats who love illegal aliens and war.)
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To: E. Pluribus Unum

Good! Crash and burn !


14 posted on 12/25/2022 2:01:09 PM PST by libh8er
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To: E. Pluribus Unum

Just watched a trailer for a new M. Night Shyamalan movie. I like his movies, even the ones a lot of people don’t like. The main characters is this new movie will be a homosexuals. Not only will I not watch this, but it’s unlikely I will ever watch another one of his movies. I just don’t understand why they do this. I know weak minded people accept this, but I believe normal people are repulsed by it.


15 posted on 12/25/2022 2:03:47 PM PST by suthener ( )
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To: E. Pluribus Unum
Nevermind the Confederate statues, here's a monument that needs to be removed and thrown into the dustbin of history


16 posted on 12/25/2022 2:06:30 PM PST by Impala64ssa (If a liar's pants really did catch on fire CBC, ABC, CNN and MSNBC would be more fun to watch)
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To: E. Pluribus Unum

Do we really need Hollywood?


17 posted on 12/25/2022 2:12:49 PM PST by silent majority rising
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To: E. Pluribus Unum

I thought only Musk lost market value.


18 posted on 12/25/2022 2:14:02 PM PST by Fido969 (45 is Superman! )
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To: E. Pluribus Unum

Not sure it was worth that much to start.


19 posted on 12/25/2022 2:14:37 PM PST by sasquatch
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To: suthener

Why do they do this?

Because the powers that be in Hollywood, have decided to push homosexuality, and all the gender confusion such as transsexuals.

They don’t care that many people are repulsed by it. To them, it’s more important to make their political statement.


20 posted on 12/25/2022 2:18:28 PM PST by Dilbert San Diego
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