Skip to comments.Hollywood Goes Bankrupt (opportunity for Conservative message)
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 theyre 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. thats how Hwood 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.
Sort of reminds me of Ed McMahon. Not that I would classify him as a “star” in the classic sense.
There were two guys in the 1980s, who bought the almost defunct Cannon Films studio for just $500,000. But they truly understood a magical thing called a “profit margin.”
For example, if a movie studio spends $200 million on a movie that makes $230 million, they have not done better than a movie studio that spent $10 million and made $50 million.
Well, these two guys, Menahem Golan and Yoram Globus, a pair of Israeli cousins, did this one better. They figured that if they made 10 movies for $1 million each, and just one of them was a hit, it would pay the production costs of all 10, and then some. But if there was one hit, two that did well, and four that broke even, they would make a fortune.
And that’s exactly what they did. Golan-Globus movies are for the most part utter junk, but the two cousins made a huge fortune with them. How many of these titles do you recognize?
My point is that right now there is an opening for conservatives to create a film studio that instead of making utter junk, would use its production budget for things like screenplay, real acting, music performed by musicians, etc.
Small budgets, and mostly direct to DVD, and the sort of films that Internet pirates, or liberals, have little interest in seeing or stealing.
It could also have many things that liberal Hollywood shuns, like black actors who are not jackasses, Hispanic, Asian, India Indians and American Indians, who are neither stereotypical nor throwaway characters, etc.
And there are some good actors out there who really want to act, not just play Hollywood games with drugged out freaks.
Yeah, that's why people are eschewing the use of iphones and ipads for video...
Movie stars were doing t.v. and stars that had not been seen for awhile, suddenly coming back and taking roles. Several were selling off real estate and not replacing it.
We speculated that the economy was beginning to pinch the Hollywood faction and wondered how long it would be before they turned on the Anointed One?
Make good, wholesome movies and TV shows.
No gays, no transgenders, no foul language.
Just good stories with good morals.
You could try showing some of the great things our soldiers did for the people of Iraq who they liberated. I bet there are thousands of story ideas there.
The article is delusional balderdash. There will never be conservative movies coming out of Hollywood. The industry mindset is monolithic leftism. The studios control distribution. And wealthy conservatives do not spend money to make movies.
Not exactly. They pre-sold the foreign film rights to finance the low budget projects.
Then there were other, more obnoxious and questionable practices.
LOL! Paulie Walnuts whacks Mohammed “Mo” Ali....
While I agree with your assessment of the Hollywood mindset, the article is suggesting that this mindset/industry is in a state of panic. Panic caused by the recognition of capitalism.
I explored this idea about two months ago in my vanity post:
Good News, a trend has begun that will transform our media and in turn our culture.
The culture warriors on the right are positioning themselves in areas that were unheard of just 5 or 10 years ago. The tipping point is like picking a top or bottom in the Stock Market, something I would like to avoid, however I can assure you the trend has begun and will feed on itself as the new reality sets in.
I stand by my post and this article opens up additional reasons why.
Unfortunately I didn’t take more time in my post to explain the economics of the media business.
The change is happening.
“She says an industry leader told her, The DVD business represented fifty percent of their profits ”
NOT ENTIRELY TRUE. I work in Hollywood as a producer. The large percentage or the most worthy percentage to take is the video market for on-demand and streaming video such as netflix or TW cable. You don’t have a binding contract with those, you might as well sell you TV show on Craigslist or uplaod it free via bitorrent. Most producers I know don’t even count DVD sales as their primary revenue.
I saw that and had to look at it again.
I think she was using “represented” in the past tense.
I agree. I have collections of old John Wayne movies, Humphrey Bogart, and a lot of classics. Watch them ‘cuz tv sucks. Ask my grandkids what the good movies are. Oft to my surprise they suggest the ones where the good guy wins.
Make good, wholesome movies and TV shows.
They tried. Guys with Kids was as family a show as you can get and it bombed. The American people are not interested in wholesome shows. They want filth.
What? You mean no new Ferrari’s for the movie stars this year? Bummer!!!!!
But hey, at least the Obamas get to have theirs.
And wealthy conservatives do not spend money to make movies.
Unfortunately they did....American Carol the worst movie I have watched in my life!!!! No wonder people refuse to make conservative movies with crap like that. I found it hilarious how many FREEPERS thought it was so great. It was junk at best! Now of course most FREEPERS will say it sucked but when it was released, they thought it was an Oscar Winner. UGH!!!
Alphas is really good too. People liked it so much that they are producing 12 more episodes.
Couldn’t of happen to a more vile crowd of arrogant assholes.
Good. Starve ‘em out. Every movie that you pay to see just enables more commie propaganda. Similarly every dollar you give to a college pays for more of our children to be subverted by commie propaganda.
Everything in this article is wrong.
When Obst talks about actors going begging, she’s talking about actors of her generation. And it’s nothing new. There comes a time when every actor can no longer get work. They age out.
Tom Cruise, Johnny Depp, Robert Downey, and Will Smith currently command the highest salaries ever paid to any actors. Ever. The stars of “The Big Bang Theory” are getting fat salaries on the TV end of things.
The death of DVD doesn’t mean the death of the entertainment industry. It’s just a delivery system. It’s outdated, like VHS tapes, and all it means is Netflix and other online delivery systems are rising. And people still pay for them.
The television business has never been bigger or more profitable. Box office is down, but only slightly.
Foreign pre-sales are down? So what. Foreign box office profits have never been bigger.
Oh, and even if any of this were true? They’re still not going to let conservatives play in their sandbox, so let that balloon go.
You may have posted this article to get some traction or attention. Or, you find it contains some elements of truth and possibilities.
I don’t know.
There is a sea change in media that will take this country by storm.
I wrote about it here:
But wait there is more.
Watch this and you should get a better idea of what I’m talking about.
listen to how they were funded. Listen to what Breitbart said about “Re-Tweeting”
Then put that together with my post.
Oh my heart bleeds for them! Damn liberals didn’t mind crushing conservatives with their crap and now the chicken came home to the roost. Screw Hollywood.
Hollywood is always in a panic. I’ve seen it firsthand for 30 years.
The difference is that leftists will back dud after dud and flop after flop - all to keep hammering home their message. Whatever its creative flaws, AMERICAN CAROL had a lot of good things to say about American values.
Narcissism unwound won’t be pretty.
My contention, is that their efforts to save themselves will fuel their own demise.