Article

2022-12-26 Economy

Hollywood Lost More Than $500 Billion in Market Value in 2022

Roll left and die.

[Breitbart] For Hollywood, 2022 was truly an annus horribilis.

Major studios, streamers, cable providers, and other media giants lost a combined $542 billion in market value in 2022, with left-wing studios the Walt Disney Co., Netflix, and Comcast accounting for the bulk of the bloodshed.

The Dow Jones Media Titans index, which tracks the performance of 30 of the world’s biggest media companies, shed 40 percent this year, with its total market value declining from $1.35 trillion to $808 billion, according to a Financial Times report.

The losses outpaced indices for other sectors, including banking, which saw a 14.5 percent drop for the year, and telecommunications, which fell by 11.2 percent.

Hollywood’s horrible year was the result of a one-two punch of a downturn in the streaming market coupled with consumers continuing to cut the cord by the millions. In addition, the advertising market has cratered as households cut spending as the costs of essentials like food and energy continue to skyrocket due to President Joe Biden’s (D) disastrous economic policies.

Woke companies paid the highest price in 2022.

Posted by Besoeker 2022-12-26 07:13|| || Front Page|| [31 views ] Top

#1 Their purpose was to entertain. They forgot that. Old Hollyweird quote - If you want to send a message, use Western Union.

Posted by Procopius2k 2022-12-26 07:27|| 2022-12-26 07:27|| Front Page Top

#2 Radio Times - All Creatures Great and Small season 4: Release date.

Posted by Besoeker 2022-12-26 07:28|| 2022-12-26 07:28|| Front Page Top

#3 They lost their social value a ways back.

Posted by ed in texas 2022-12-26 10:13|| 2022-12-26 10:13|| Front Page Top

#4 This is a real slap in the face.

Posted by Chris Rock 2022-12-26 13:40|| 2022-12-26 13:40|| Front Page Top

#5 Just reading that is a nice x-mas present. I only hope that by x-mas 2023 that DIS is much closer to zero than it is today. Netflix, too.

Posted by DooDahMan 2022-12-26 14:53|| 2022-12-26 14:53|| Front Page Top

#6 At some point there will be some successful fund managers that stay away from companies immolating themselves on the alter of woke.

Posted by Super Hose 2022-12-26 15:24|| 2022-12-26 15:24|| Front Page Top

#7 Love or hate JP Morgan's Jamie Dimon, but he already told that Tlaib broad he isn't going anywhere near ESG companies for investments.

Posted by DooDahMan 2022-12-26 17:52|| 2022-12-26 17:52|| Front Page Top

#8 How are gun sales doing, is there a correlation at all?

Posted by rhodesiafever 2022-12-26 20:13|| 2022-12-26 20:13|| Front Page Top

#9 sales are restricted only by NICS slowdowns, supply chains, and ammo shortages

Posted by Frank G 2022-12-26 21:37|| 2022-12-26 21:37|| Front Page Top