Speaker 1: My friends, A picture looks grim for the big film studios.
Speaker 1: The will Street Journal says this year's Oscars took place
Speaker 1: during one of the gloomiest times for the movie industry
Speaker 1: in recent memory. Paramount lost almost half a billion dollars
Speaker 1: last year, Sony wrote off almost a billion. None of
Speaker 1: the movies up for Best Picture made a hundred million dollars.
Speaker 1: That's considered to break even point from major movies. According
Speaker 1: to a survey by the Hollywood Reporters, sixty percent of
Speaker 1: you could not name a single movie nominated for Best Picture. Now,
Speaker 1: the journalists some reasons for all this. One, fewer people
Speaker 1: go to the movies because the Netflix, HBO and other
Speaker 1: ways of watching to lack of originality. Most big studio
Speaker 1: movies are based on comic books, best selling novels, or
Speaker 1: old franchises like Star Wars and Three Big Stars. Sky
Speaker 1: high pay is hurting the bottom line. Now, these explanations
Speaker 1: make sense as far as they go, but the journal
Speaker 1: leaves out a big reason that big movie is laying
Speaker 1: an egg, and that's pot politics. The endless tie rage
Speaker 1: from hardcore liberal actors have turned off millions of their
Speaker 1: former customers. Hollywood is totally disconnected from much of its audience,
Speaker 1: and with so many stars suffering Trump derangement syndrome that's
Speaker 1: not going to get better anytime soon. Liberalism is why
Speaker 1: so many Americans think that Hollywood values just aren't worth
Speaker 1: paying to see. Who wants to be insulted and slapped
Speaker 1: in the face three straight hours