Disaster Film: Hollywood Lost More Than $500B In Market Cap In 2022
View Source | January 3, 2023 6:10 pm
- Hollywood experienced a very bad year and much worse than many other industries, despite a few noteworthy successes.
- The entertainment industry lost more than a half-trillion dollars in market value last year, thanks in large part to a string of overrated, under-watched films, according to reports.
- “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,” Breitbart News reported, citing the Financial Times.
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