Hollywoke is going broke. There is no such thing as a blockbuster anymore. Most new films are unwatchable garbage and even big marketing dollars don’t draw interest. The recent Disney bomb , The Little Mermaid, is proof. Nothing Disney produces is any good, and even if it was there are too many people who want nothing to do with increasing their bottom line...
Like anything else, film is not dead, it is just temporarily out of sorts because it has lost its mission...
I think we can look forward to the death of the old guard and the emergence of something entirely new...
The Little Mermaid bombed in the foreign market (read: China), and that is a huge deal because Bob Iger and Hollywood as a whole have been sucking up to the Chinese film market for over a decade now. The trend for a few years was that even if a film did okay here in the US, the studios could rely on the Chinese market to make up rhe difference.
Not anymore.