Hollywood Goes Bankrupt

June 21, 2013 By Ben Shapiro 1 Comment

Seattle and The Fisher King, says Hollywood is in serious trouble. In her new book, Sleepless in Hollywood, Obst says that thanks to the crash and burn of the DVD industry, the entire Hollywood profit model is at risk. She says an industry leader told her, “The DVD business represented fifty percent of their profits … Fifty percent…..Major actors and actresses are seeing their pay slashed. Directors and writers are watching jobs go down the tubes. One studio head told Obst about “famous players who regularly came to [a studio head] begging for favors – a picture, a handout, anything.” ….these stars “have extremely high overheads … multiple houses, wives, and families to support. They’ve made movies for years, they were on top of the world and had no reason to think it would end. And then suddenly it did. They’ve gone through whatever savings they had. They can’t sell their real estate … It’s a tragedy.”…… (Editor’s Note:  Oodie boodie boo…poor, poor little muff muffs!) ….But it’s a great time to be a conservative looking to enter the movie market. All it requires for conservatives to make a serious play for the culture is a level of seriousness about the culture…..it’s important to get involved in making flicks of our own – good movies, rather than politically-driven biopics…..conservatives have shown they are good at one thing, it’s taking advantage of market inefficiencies....To Read More..

My Take - Let's not be surprised if and when they demand a bailout from "The One"! Let's not be surprised at their outrage when it doesn't happen.