Monday, December 26, 2022

Hollywood loses over $500 Billion in market value in 2022

Rajan Laad   . . ."There are myriad reasons for these losses.

"A major reason is the high inflation and the fragile economy that is a consequence of Biden’s catastrophic misgovernance.

"When the prices of essential items such as food and energy rise steeply, consumers cut down spending on non-essential items such as movie tickets, subscription to streaming services or cable TV, music concerts, music albums, etc.

"Another fact is the cratering of the advertising market as households cut spending.

"Ironically Joe Biden, the man most of Hollywood championed is responsible for their doom.". . .

. . ."Alas, those occasional outbursts have become a norm — worse, the content was also infected.

"As time went by the lectures got shriller.

"Now there is almost no pushback at all because the brainwashed can’t see reality while the rest in the echo chamber will be petrified to state the obvious for the risk of being blacklisted.

"There is blatant sanctimoniousness and barefaced disdain for those who see the world differently and vote differently. Some attacked their own family for having different political leanings.

"The condescending lectures are relentless. However, they stayed mum when Will Smith engaged in violence right before their eyes, an occasion on which they should have actually spoken up.

"It must also be stated that their talks are hypocritical. They lecture everyone about respecting women but enable predators such as Harvey Weinstein. They lecture about the environment but travel exclusively in private jets that pollute the environment. They talk about gun control at events that are protected by armed guards. They also think they have earned their wealth and fame and hence they no longer need their audience.". . .

In 2003, Michael Moore attacked President George W. Bush after receiving his Oscar. Moore even engaged in election denialism. But unlike today, there were many who showed disapproval by booing Moore and refusing to applaud.

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