HOLLYWOOD FLOPS IN 2022

HOLLYWOOD FLOPS IN 2022

Written by Peter Boykin on December 27, 2022

HOLLYWOOD FLOPS IN 2022

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

HOLLYWOOD FLOPS IN 2022

Hollywood media titans lost more than $500 billion in market value in 2022, far outpacing other major sectors of the economy, and proving: when you go “woke”, you go broke.

The details: A report from the Financial Times looked at the Dow Jones Media Titans index, which tracks the performance of 30 of the world’s biggest media companies [like Netflix, Disney, Warner Bros, and Comcast].

The report found:

Hollywood lost 40% of their value in 2022.

It went from a $1.5 trillion combined value to $808 billion.

That’s a $542 billion loss.

How did other industries do?

Not great. But not nearly as bad as Hollywood.

Banking saw a 14.5% drop

Telecommunications lost 11.2%

Part of the blame for the drop in Hollywood’s value can be put on Joe Biden’s inflation crisis – since consumers have to spend more on essentials, that leaves less for movies and streaming services…

Big picture: But the real problem for Hollywood is consumers are rejecting their woke content.

Don’t take our word for it.

Let’s look at the numbers:

Disney, which went to war with Gov. Ron DeSantis and pushed nonsense on children lost over 40% of its value.

Netflix, which threw over $100 million at the Obama’s, lost over 50% of its value.

Warner Bros., which is the parent company of CNN, lost more than 60% of its value.

Americans are over Hollywood. In 2000, over 46 million people were tuning in to watch the Oscars. In 2022 it was down to just 15 million.

[Source: Breitbart, Financial Times]

https://www.breitbart.com/entertainment/2022/12/25/hollywood-lost-more-than-500-billion-in-market-value-in-2022/

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