Hollywood corporations lost over $500 billion in market capitalization in 2022!
(www.breitbart.com)https://www.breitbart.com/entertainment/2022/12/25/hollywood-lost-more-than-500-billion-in-market-value-in-2022/At the rate these companies are losing money I won't be surprised if we start seeing a wave of bankruptcies soon!
The companies.
The celebrities.
The agencies.
The studios.
They have been losing money on movie after movie for years now and this trend is only getting worse. It's a matter of time before we start to see these mansions, jets, yachts, cars and luxuries being sold off to pay debts.
It's not just the quality of movies that are down. But the numbers being produced are way off too.
I have heard that la is very quiet right now. That it's like a ghost town.
Disney is particularly badly hit and they have produced nothing but woke garbage that bombs in recent years. They are currently breaking their own records for failure and loses.
This from a company that was a hit factory for generations and bought up and expanded every successful franchise they could find.
How much longer can this dumpster fire burn on is the big question. How much cash can they have left by this point?