Below is my latest arts & culture briefing paper. Today we explore a dozen unsettling situations that are not getting widely covered in the media. A recurring theme here is the expanding crisis in legacy arts and entertainment institutions. If you want to support my work, please take out a premium subscription (just $6 per month).The top 10 songs this week are the same as last week.We’ve seen many signs of stagnation in the culture. But it’s getting worse. Every day is now Groundhog Day in the music business.
Movie audiences continues to shrink—next year could be a disaster.Hollywood insiders keep insisting that the audience is returning to movies theaters—but the latest numbers tell a different story.
If you want to watch the pain and suffering, keep an eye on Disney—it has more than 40 movies in the pipeline, including ten hyped releases next year. If audience shrinkage continues, the House of Mouse may be caught in the trap. Meanwhile… Hollywood exodus gets worse—as Sony and Warner Bros battle to create rival film studios in Nevada.Why is Hollywood in a mad rush to get out of Hollywood? The Southwest is already a major center for the film and television business—with New Mexico, Arizona, and Texas all ramping up tax incentives and infrastructure for local work. But the West Coast exodus will soon get worse, much worse. Two of the largest movie companies in the world want to build enormous studios in Las Vegas. Tax payers will foot the bill.
According to Variety, the Warner Bros project
This is all a gamble. But that’s how they roll in Las Vegas—and they’ve already spent $750 million to lure the Raiders from California. In this poker game, the sure loser is Southern California, which is witnessing the decline of its most glamorous industry. And the story gets worse, because…... Keep reading with a 7-day free trialSubscribe to The Honest Broker to keep reading this post and get 7 days of free access to the full post archives. A subscription gets you:
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What's Happening to Entertainment?
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