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- The box office this year was hampered by months-long Hollywood strikes, numerous film delays and several surprise flops—meaning the total domestic gross for 2023 is likely to fall short of the $9 billion some analysts had hoped for, as the film industry struggles to return to pre-Covid sales and prepares for a tough 2024.
Dec 22, 2023 · Strap in: We’re recapping Hollywood’s tumultuous 2023. While actors and writers effectively brought the industry to a halt — with unprecedented financial consequences — the “Barbenheimer” phenomenon brought hope and relief to theaters.
Dec 29, 2023 · Tensions overflowed in multiple industries this year, marking 2023 as "the year of the walkout." Most memorably, Hollywood actors and screenwriters walked off the job in Hollywood to...
Dec 23, 2023 · Anyone who thinks 2023 was a bad year has a very short memory. Since you ask, my own candidate for Hollywood’s annus horribilis maximus is 1948, a year that smacked the industry senseless...
Dec 18, 2023 · Key Facts. The total domestic box office gross for 2023 stands at $8.58 billion as of Dec. 17, Variety reported, and surpassing $9 billion could prove challenging because of the lack of surefire...
Heading into 2023, Hollywood was in a precarious state. TV production was on the downturn, with linear TV revenue falling and streaming reeling from 2022's so-called 'Great Netflix Correction', when a quarterly subscriber loss sent Netflix's stock price tumbling and changed the economics of streaming.
Apr 24, 2024 · April 24, 2024 9:42am. Getty Images. It was another tumultuous year in Hollywood thanks to the dual labor strikes in 2023, the fallout on the film pipeline and the box office remaining...
Sep 18, 2023 · In essence, the 2023 blockbuster crisis underscores the inherent flaws in the industry’s blockbuster-centric vision. The financial model, fueled by excessive budgets, overabundance, and shifting audience preferences, has proven unsustainable and, to some, inevitable in its failure.
