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 ...
Excellent. Woke and ESG are failures for most people.
Woke is a dead-end
Did they recoup their losses from overseas business?
A good example of why I prefer buying my CDs, DVDs, and vinyl used.
We’ve gone to see a couple independent movies but I can’t remember the last “Hollywood” movie I paid to see
Thanks for the good news.
Awwwww! 😭
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.
I haven’t been watching “Oscars’ recently.
This year I will—and I hope TOP GUN gets best movie.
I remember when I thought that Saving Private Ryan was going to get it, then Harvey Weinstein purchased it for Shakespeare in Love.
what a Christmas Present this news is!
Thanks for posting!
And, Merry Christmas to all Freepers everywhere !!!!
Best movie of the year.
Good! Crash and burn !
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.
Do we really need Hollywood?
I thought only Musk lost market value.
Not sure it was worth that much to start.
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.
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