People haven’t been buying what Hollywood has been selling for quite some time. The strike can be cover for creative bankruptcy. From Tyler Durden at zerohedge.com:
Hollywood is in deep trouble, but not for the reasons we are hearing from entertainment journalists.
With WGA and SAG strikes now underway production in Tinsel Town has all but disappeared. Talk among insiders is that the strikes could very well destroy the industry for years to come. But what if this scenario is exactly what flailing media companies needed?
The implosion of the mainstream movie business gestated long before the strikes; it started with the injection of woke politics and propaganda into the western pop culture space. Since 2016 (a year marking the “coming out party” for extreme intersectional feminism, critical race theory and trans ideology in movies) movie ticket sales have plummeted by around 40%.
Box office revenues have collapsed to levels not seen since 2001, and keep in mind that the stats get much worse once they are adjusted for inflation.
Initially, film studios tried to use the covid lockdowns and fear of the virus as the reason for their declining numbers. However, hit films like Spider-Man: No Way Home and Top Gun: Maverick proved that the covid rationale was nonsense. People were more than willing to go to the theaters by the millions, but only for non-woke movies. Nobody cared about covid.
Hollywho?
The only post 2000 movies in the collection-Skyfall where they should have just stopped, The Hurt Locker, Lord Of War.
Public Enemy has the Burn Hollywood Burn song from 1990.