> Hollywood’s CEOs are suffering. Not primarily from labor disputes or industry disruption or public-relations issues, but from vincible ignorance, which seems

> Hollywood’s CEOs are suffering. Not primarily from labor disputes or industry disruption or public-relations issues, but from vincible ignorance, which seems to be endemic in C-suites of all industries. Under pressure to deliver to Wall Street, too many CEOs have lost the plot of their own movie. They are not running companies to profitably deliver a good product, such as a book or a cup of coffee or, in this case, a movie or TV show. They are running companies to deliver good profit. The quality of their product has ceased to matter. Has there ever been a time when the suits weren't ignoramuses? And if they're optimizing everything to deliver a profit, why aren't they profitable? The suits are to blame in terms of accountability, because the buck stops with them. But the product as far as I can tell has never been more expensive. The new Indiana Jones movie had a production budget of approximately $300M, plus marketing costs (between $50M & $150M). If we assume Disney will pocket 50% of the gross box office, they'd need to make $700M-900M just to break even. So far, more than two weeks after release, the film has made just over $300M worldwide.[0] That movie alone is very likely to lose hundreds of millions. Movies losing money is the norm, but not to the tune of hundreds of millions. What's gone wrong? 1) The writing has deteriorated. Stories have become boring & tendentious, filled with unlikeable characters, hackneyed plots and preachy dialogue. 2) The studios have become completely risk-averse. I can kind of understand why they'd want to be risk averse with budgets of $300M, but audiences tire of remakes, reboots and distant sequels. (I think the creative types have gotten wise, which is why "explorable" IP with large worlds like Star Wars or Middle-Earth have been cannibalized to tell stories that are tonally and thematically quite different than the source material, because the suits have zero clue. Sometimes it even works, like with Andor. Though even Andor has struggled to find its audience amongst all of the noise.) 3) The costs have gotten too high. I'm not sure if the streaming wars or golden age of TV or even just low interest rates are responsible, but the costs of production are staggering. This is in a day and age where technology should have made it cheaper to produce films & TV. When I look at Oppenheimer's budget of $100M, I can almost understand why it is so expensive. I can't explain the Indy 5 budget. When I was younger, I could almost always find a movie I wanted to watch on a Friday night. Those days are long gone. At some point, Hollywood stopped producing anything worth seeing, and now they're paying the price. [0]https://www.boxofficemojo.com/release/rl2776598017/?ref_=bo_hm_rd https://www.boxofficemojo.com/release/rl2776598017/?ref_=bo_...