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Why the Movie Business Is in Big Trouble

Mar 28, 2017  •  Post A Comment

A new report says people in the movie business are “scared stiff” — and for good reason. The report by Variety says “there is mounting anxiety among theater owners, studio executives, filmmakers, and cinephiles that the lights may be starting to flicker.”

The report cites changes in consumer tastes and demands, noting that Hollywood is doing what it can to adapt.

“Instead of surrendering to existential dread, studio chiefs and exhibitors are showing a greater willingness to experiment, particularly when it comes to releasing movies in the home within weeks of their theatrical debut for between $30 and $50 per rental,” Variety reports, adding: “If that comes to pass, it would represent the biggest distribution and exhibition shakeup since the introduction of the DVD created a home-entertainment windfall in the late 1990s.”

The report notes that some industry watchers remain skeptical about Hollywood’s ability to adapt. “Structurally, these studios and the agencies and exhibitors that orbit them are too sprawling, too slow-moving, and too entangled in a dizzying web of antiquated business practices and associations to respond effectively to the digital era,” Variety reports.

We encourage readers to click here to read Variety’s full analysis.

2 Comments

  1. The problem is there is no longer any “creative thinking” in Hollywood. Every movie has to promote a social or cultural agenda. When was the last time something truly “original” emanated from Hollywood? It’s why you see reboot after reboot of stuff that was done 30, 40, 50 years ago or more. Exhibit “A” Hollywood takes one of the BEST movies ever done (Ben Hur) and does a reboot that bombed so badly it was out of theaters before they could finish the chariot race!! How can you mess up a story like Ben Hur ??? THAT BADLY!! They are fooling themselves if they think it’s all about consumer tastes and demands.

  2. I want to do a remake of “Attack of the Killer Tomatoes” … that was one hell of a film.

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