Hollywood is in a Depression. 20% of film executives have lost their jobs, shows being produced for streaming services have been cut by 50% IN ONE YEAR, and last year’s box office returns were so bad they had to invent a new term to describe them: the Flopbuster.
And they’re not the only one. Comics is collapsing, the Video Games industry is shrinking fast, and TTRPG publisher Wizards of the Coast just went through another brutal round of layoffs.
In a time of economic downturn, which we are most certainly in, entertainment industries usually thrive. All these industries are shrinking because they have forgotten how to produce stories and games that audiences want.
Instead of entertaining, they are lecturing, and have been for a long time, and it’s finally coming back to bite them in the bum.
Film Threat has some more thoughts:
Making stories that resonate with audiences isn’t hard—all you do is have to know how to live like a human being—but the people ruling these industries just can’t do it. And until new companies spring up to replace these, the companies and industries will continue to suffer.
Leave a comment or question below!
Listen to the GeekGab podcast on Mondays, 10 PM Eastern, 7 PM Pacific: http://youtube.com/GeekGab/
Also support us on SubscribeStar or Patreon! Every pledge helps.
Geek Gab 