That's not the full story fortunately. Movies have consistently sold fewer tickets over time and ever since the DEI/ESG revolution, box office has dropped off a cliff. The industry will not be able to sustain itself at its current trajectory. We haven't seen course corrections yet because they didn't seem to have a Plan B for when their reprogramming failed.
I don't know much about Nielsen ratings for streaming, but that tracks with zoomers watching more media than previous generations. Still, it's nowhere near enough revenue to sustain $100M+ movie projects, and streaming services have been failing and downsizing right and left.
That isn't true any more when looking at the box office receipts and Nielsen ratings for streaming. The studios are releasing bomb after bomb, and streaming is dominated by shows that have been off the air for years or decades.
Even Hollywood knows it. That's why there was suspiciously no political rants during acceptance speeches at the oscars the other day even though it is an election year. They are desperately trying to bail the water out of their sinking ship. They are way too late though.
Most people are happy to consume the next trash from Hollywood regardless of its quality.
That's not the full story fortunately. Movies have consistently sold fewer tickets over time and ever since the DEI/ESG revolution, box office has dropped off a cliff. The industry will not be able to sustain itself at its current trajectory. We haven't seen course corrections yet because they didn't seem to have a Plan B for when their reprogramming failed.
Tickets are dropping because people don't spend money to go see movies as much. Viewership of media is at an all time high through streaming.
I don't know much about Nielsen ratings for streaming, but that tracks with zoomers watching more media than previous generations. Still, it's nowhere near enough revenue to sustain $100M+ movie projects, and streaming services have been failing and downsizing right and left.
That isn't true any more when looking at the box office receipts and Nielsen ratings for streaming. The studios are releasing bomb after bomb, and streaming is dominated by shows that have been off the air for years or decades.
Even Hollywood knows it. That's why there was suspiciously no political rants during acceptance speeches at the oscars the other day even though it is an election year. They are desperately trying to bail the water out of their sinking ship. They are way too late though.