Hollywood’s finances are collapsing, and it brought this on itself

[Geee]

American Thinker

According to The Hollywood Reporter, Hollywood is experiencing a disastrous winter. People aren’t going to the movies, opting instead to stay home. Obviously, part of the issue is streaming, which has upended the old business model. However, one cannot ignore the fact that today’s movies are awful, whether because they’re mechanical, recycled garbage, or because they’re preachy, painfully woke garbage. Watching a couple of movies from 51 and 50 years ago, respectively, will help you appreciate just how bad most modern movies really are.

Here’s the news from The Hollywood Reporter:              

Domestic box office revenue year-to-date of $581.2 million is running 43 percent behind the average haul during the same time period in 2016-19, when movie ticket sales clocked in as high as $1.08 billion, according to data provided by Comscore for Jan. 1-Feb. 4.

Of that, January clocked in at $513.6 million, compared to $599 million in 2023 (a breakout hit last year was M3GAN, with more than $83 million in ticket sales domestically, while Avatar: The Way of Water contributed more than $210 million). Outside of the COVID-era years, $513.6 million is the lowest showing for January in more than 25 years.

These are not happy figures for Tinsel Town.

 

As noted, one of the obvious problems is competition from people’s own homes. They’ve already prepaid for Max (the old HBO), Paramount, Disney+, or any other streaming service to which they subscribe. Those are sunk costs, so staying home and watching movies on TV is much better than to shlep out to the theater. Add in the fact that two tickets are the same price as a one-month streaming subscription and that you don’t have to pay the babysitter, and going to the movies seems like an almost foolish thing to do.

[Valin]

The Culprit

[Valin]

"What ties these two movies together is that their plots aren’t shoddy. The writers didn’t just dig into the recycling bin. Instead, they came up with fresh ideas, which the directors then presented in fresh, fun ways. And importantly, neither movie had a goal other than pure entertainment. They weren’t trying to shame or indoctrinate the audience. They weren’t posturing as important, “high brow” fare. Instead, they were clever, fun, and visually exciting films that benefitted from everything a movie theater can offer.

(Snip)

Hollywood was always about making money, but it once understood that it made money by offering a quality product that truly entertained people. I was reminded of that last night because The Sting is playing on TCM. It is a wonderful movie: The plot is remarkably clever, the actors are confident and without modern anguish, and the production values are just lovely."

Radical Concept Alert!

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Think The Book Of Job meets The Odyssey.

A  lttle over 6 millon to make so far made 12 million.