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Speaker 1: My friends, A picture looks grim for the big film studios.
Speaker 1: The Wall 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 Journal lists some reasons for all this. One Fewer
Speaker 1: people go to the movies because the Netflix, HBO and
Speaker 1: other ways of watching to lack of originality. Most big
Speaker 1: studio movies are based on comic books, best selling novels,
Speaker 1: or old franchises like Star Wars and Three Big Stars.
Speaker 1: Sky high pay is hurting the bottom line. Now, these
Speaker 1: explanations make sense as far as they go, but the
Speaker 1: Journal leaves out a big reason that big movie is
Speaker 1: laying an egg, and that's 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