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Hollywood Goes Bankrupt (opportunity for Conservative message)
Front Page ^ | 6/21/13 | Ben Shapiro

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 ...


TOPICS: Miscellaneous
KEYWORDS: hollywood; movies
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Quote of the article:

Everyone in Hollywood is liberal, until it comes time for them to work without pay. Then they’re downright Reaganesque.

1 posted on 06/21/2013 3:38:08 PM PDT by ak267
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To: ak267

I feel for them. (/s)


2 posted on 06/21/2013 3:40:45 PM PDT by Rocky (Obama is pure evil.)
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To: ak267

Good news on a Friday afternoon.


3 posted on 06/21/2013 3:41:20 PM PDT by dfwgator
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To: ak267

I was hoping Hollywood would be incinerated in some Biblical Sodom-Gommorah upheaval but I guess a slow death is okay.


4 posted on 06/21/2013 3:44:52 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: ak267; Revolting cat!
Offshore it to India like all the other jobs.


5 posted on 06/21/2013 3:47:02 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: Brad from Tennessee

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.


6 posted on 06/21/2013 3:48:00 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: ak267
I don't see what makes disks inherently more profitable than digital transmission.

If big studios are suffering, I suspect because there's more competition, such as from webfilms and for-You Tube self-productions. The viewing audience is disaggregating.
7 posted on 06/21/2013 3:49:26 PM PDT by kenavi ("Beware of rulers, for they befriend only for their own benefit." Gamliel)
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To: a fool in paradise
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.

8 posted on 06/21/2013 3:51:15 PM PDT by Vince Ferrer
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To: ak267
These stars have extremely high overheads … They have multiple houses, wives, and families to support. They’ve made movies for years, they were on top of the world and had no reason to think it would end. And then suddenly it did. They’ve gone through whatever savings they had. They can’t sell their real estate … It’s a tragedy.

Ahhh - it's a comedy.

9 posted on 06/21/2013 3:52:19 PM PDT by ALPAPilot
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To: a fool in paradise
[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.]

That's mostly what I watch—Turner Classic Movies. But I did go out and see Zero Dark Thirty.

10 posted on 06/21/2013 3:52:28 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: ak267

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.


11 posted on 06/21/2013 3:55:26 PM PDT by dadfly
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To: Brad from Tennessee

Over the past few years, I’ve learned to love TCM.


12 posted on 06/21/2013 3:55:40 PM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: ak267
In the last 50-60 years only about 1% of the stuff coming out of Hollywood is worth anything.Maybe even less.and for the last 20 years of so it's only been about 0.1%.I have my film collection complete...about 50 blurays and DVDs.
13 posted on 06/21/2013 4:03:19 PM PDT by Gay State Conservative (The Civil Servants Are No Longer Servants...Or Civil.)
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To: ak267

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.


14 posted on 06/21/2013 4:03:36 PM PDT by AdaGray
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To: ak267

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.


15 posted on 06/21/2013 4:04:44 PM PDT by Viennacon
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To: ak267
People who's only skill is playing someone else will receive no sympathy from me when they are in the bread lines.

They have no idea what it takes to create and sustain a real job and their liberal ideas for everyone else are fairy dust.

16 posted on 06/21/2013 4:09:16 PM PDT by Newbomb Turk ("All that is necessary for the triumph of evil is that good men do nothing.")
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To: Brad from Tennessee

Like cockroaches they can fend off nuclear catastrophes.

AIDS, drugs, STDs, and numerous scandals have not done them in … yet.


17 posted on 06/21/2013 4:11:21 PM PDT by codewizard
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To: kenavi
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?

18 posted on 06/21/2013 4:11:21 PM PDT by codewizard
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To: ak267

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.


19 posted on 06/21/2013 4:11:21 PM PDT by codewizard (don’t count your chickens)
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To: ak267

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.


20 posted on 06/21/2013 4:11:30 PM PDT by donaldo
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