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Is there a future for Hollywood (California, specifically, but “Hollywood” as an industry as well, to a point) moving forward? Or will go the direction of Detroit and the automotive industry?
Look at the box office numbers recently. 5 Nights won this past weekend with 19M. Granted, it was an early November weekend, so no one was expecting a 100M movie, but it isn’t like this was an isolated event. DC is in disarray. MCU is contemplating a reboot because they haven’t had a big movie in a while and they are struggling just to break even recently.
Streaming is a HUGE reason for this. Also, Ballywood appears to be upping their game and intruding more content to the market.
Is there enough profit in the 100+ year industry to support a high-end local in an in-demand market moving forward? You have to assume some of the major studios in Hollywood, Ca are going fall in the next few years (multiple studios, imho). There simply isn’t enough money in the industry to support all that real estate moving forward.
Relatedly, what will happen in LA? If the movie industry “fails”, what industry will fill the void in LA?
Look at the box office numbers recently. 5 Nights won this past weekend with 19M. Granted, it was an early November weekend, so no one was expecting a 100M movie, but it isn’t like this was an isolated event. DC is in disarray. MCU is contemplating a reboot because they haven’t had a big movie in a while and they are struggling just to break even recently.
Streaming is a HUGE reason for this. Also, Ballywood appears to be upping their game and intruding more content to the market.
Is there enough profit in the 100+ year industry to support a high-end local in an in-demand market moving forward? You have to assume some of the major studios in Hollywood, Ca are going fall in the next few years (multiple studios, imho). There simply isn’t enough money in the industry to support all that real estate moving forward.
Relatedly, what will happen in LA? If the movie industry “fails”, what industry will fill the void in LA?