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People went to the movies because they had a near monopoly on content people wanted to see and gatekept it behind 'the theater experience'. Now, there is so much competition for similar or better content, the theater experience is going the way of the dodo. That you can make billions of dollars on something that should cost a tiny fraction of what it does currently if it WASN'T behind such a gate is the clue here. There's also the massive waste in the entertainment industry with all of the glut that comes with it after decades of not having to be accountable. Unions, overstaffed studios, overstaffed HR depts, all kinds of other ancillary leeches, all of it's going to start to fall over like dominoes after the theater conglomerates start to go under.
Personally, I hope the failure of theaters leads to a massive cascade failure in the entire entertainment industry, and think there's a better than 10% chance that actually happens. If we start to hear rumblings about ESPN being sold out of Disney, that's one of the lynchpins for it all starting to fall.
IMO of course. Usual caveats apply and all predictions wrong or your money back.
PS: I also hold out hope all of LA gets swallowed up by the sea, but that's a more outside possibility I think.
Personally, I hope the failure of theaters leads to a massive cascade failure in the entire entertainment industry, and think there's a better than 10% chance that actually happens. If we start to hear rumblings about ESPN being sold out of Disney, that's one of the lynchpins for it all starting to fall.
IMO of course. Usual caveats apply and all predictions wrong or your money back.
PS: I also hold out hope all of LA gets swallowed up by the sea, but that's a more outside possibility I think.
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