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The Major Media Companies Will Drop Their Studios & Specialized Divisions Soon
Posted By tedhope On February 25, 2013 @ 8:30 am In Truly Free Film | 12 Comments
The recent article  on Hollywood in The Economist is a MUST read. Stop what you were planning to do for the next ten minutes, read this post and then read the article. You must. MCN pointed to it with the blurb: “Between 2007 and 2011, pre-tax profits of the five studios controlled by large media conglomerates fell by around 40%”. That hooked me. I read, and then I wept.
I don’t see how anyone can read that and NOT come to the conclusion that all the publicly-traded companies will divest their movie studio assets within the year. Maybe they will; maybe they won’t, but you know the business ain’t through changin’ yet. Sure the prudent specialized divisions may run at a profit, but if there is not the big movie complement justifying the whole ancillary chain, will there be the logic that allows them to feed at the same trough?
Some of the takeaways of this clear, precise, and well argued article that I tweeted out include:
So where does this leave us?
What else? Save us from ten years of crap content hell with your good ideas.
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