BFR said:
It seems like Hollywood is still struggling to recover from Covid. I don't envy them. |
Covid is an issue but I'd say its lower on their problem scale.
Hollywood budgets are out of control
Writers are bad
Actors keep striking when their likeness has the least pull movie stars have ever had
Half of the releases these days are remakes and/or sequels to known properties that people don't care about anymore. Add to this that studios panic like crazy and reshoot everything and focus test films into what may or may not be trends that just come off cringeworthy. I don't think the young audience cares about going to the movies either, like at all. Older folks can't be bothered to budget around it and will just wait for it to come to streaming services, outside a Barbie or kids movie. Most of their profit isn't domestic, that's if they can profit - usually off a known IP if the top 20 of this year is anything to go by.
Hollywood is in it's Blockbuster era, I give it 10 years before theaters start to shut down bi-monthly.