Hollywood Blamed The Fans For Their Failures And Now They Face Collapse

In November, the entertainment media were energised by the news of potential studio mergers and a potential jump in content spending by Disney and Paramount.  The possibility of more cash flowing into productions was seen as a light at the end of a long dark tunnel for a film industry crushed by endless box office and TV streaming failures.  Maybe this new funding would revitalise a Hollywood gasping for oxygen? However, as The Hollywood Reporter noted, the surge in funding was not necessarily going into the pockets of the current crop of filmmakers and TV series showrunners.  Instead, Disney, Paramount and other entertainment conglomerates are shifting cash into sports and foreign content.   The reasons why media giants are quietly abandoning Hollywood should be obvious.  In early 2025, these same companies took one last gamble on DEI and stood in solidarity with activist producers, directors and writers.  And, the result this year was the same as the last several years:  They lost billions in revenues per project. The raw box office numbers are ugly, but they don’t tell the whole story.  Overall productions costs have skyrocketed by 25% since early 2020 and inflation in ticket prices has hidden the crippling plunge in […]