Posted on 06/21/2013 3:38:07 PM PDT by ak267
Lynda Obst, producer of blockbusters including Sleepless in Seattle and The Fisher King, says Hollywood is in serious trouble. In her new book, Sleepless in Hollywood, Obst says that thanks to the crash and burn of the DVD industry, the entire Hollywood profit model is at risk. She says an industry leader told her, “The DVD business represented fifty percent of their profits … Fifty percent. The decline of that business means their entire profit could come down between forty and fifty percent for new movies.”
Major actors and actresses are seeing their pay slashed. Directors and writers are watching jobs go down the tubes. One studio head told Obst about “famous players who regularly came to [a studio head] begging for favors – a picture, a handout, anything.”
(Excerpt) Read more at frontpagemag.com ...
Everyone in Hollywood is liberal, until it comes time for them to work without pay. Then they’re downright Reaganesque.
I feel for them. (/s)
Good news on a Friday afternoon.
I was hoping Hollywood would be incinerated in some Biblical Sodom-Gommorah upheaval but I guess a slow death is okay.
If Hollywood studios didn’t have 80 years of back catalog titles to sell and broadcast on television, they would’ve gone bankrupt long ago.
They kept in business by people having to re buy their favorite movies as technology formats changed as well. But now things are over the internet, so the won't need to be a repurchase.
Ahhh - it's a comedy.
That's mostly what I watch—Turner Classic Movies. But I did go out and see Zero Dark Thirty.
who is not on media strike? if you’re not, you should be.
no tv, no movies, no polls, no surveys, no dvds, etc.
it’s really the first in a series of strikes that will be necessary.
Over the past few years, I’ve learned to love TCM.
Just make movies that people want to see. Movies without token ethnics and gays. Movies about winning and individual achievement without all the politcally correct crap.
The next hit movie could easily be about the American Mafia taking on Radical Islamists and crushing them like bugs. It would take guts to make it but it would be bigger than the Godfather series.
But... but.. I thought Blu-Ray was going to save them?
I can’t say I feel sorry for the industry. It’s infested with libtards, just like academia.
They have no idea what it takes to create and sustain a real job and their liberal ideas for everyone else are fairy dust.
Like cockroaches they can fend off nuclear catastrophes.
AIDS, drugs, STDs, and numerous scandals have not done them in … yet.
I don't see what makes disks inherently more profitable than digital transmission.iTunes movie $2 to $9 DVD $15 to $100 see the problem?
The book is over the top whining. The fact of the matter is that entertainment will always have a place.
As for the economics of filmmaking, it is far more complex than the author relates.
As for actors, writers, producers “begging for favors;” well big frickin deal. NOTHING NEW. that’s how H’wood works.
Celebrating the demise of Hollywood is premature, immature, and short-sighted.
I don’t go to movies anymore. I refuse to go because people will distract you with their cell phones or iPhones or whatever. I also can’t stand most of the “soundtracks.” To be hip, most movie makers cater to a very infantile audience with loud “thump, thump, thump” noise. I’ll just wait for the DVD or watch it on Pay Per View.
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