Woke Hollywood Going Broke
Woke Hollywood studios and distribution labels lost more than half a billion dollars in 2022.
Major studios, along with streamers, cable providers and other media companies, netted a combined $808 million, down from $1.35 trillion in 2021. Woke outfits including the Walt Disney Company, Netflix and Comcast accounted for much of the bloodshed. This is according to the annual report of the Dow Jones Media Titans index.
None of the other sectors of the economy suffered as much as Hollywood. Banking, for instance, fell 14.5 percent for the year and telecommunications 11.2 percent. In other words, these sectors had off-years, but none got routed and rejected so completely like Hollywood.
Will any lessons be learned? Are you kidding? Hollywood is not only leftist, but so degenerate now it will likely take many years to reform. More from All The Newz.