Hollywood studios lost over $500 billion in market value in 2022, with $120 billion of losses coming from Disney alone.
The American movie industry, which once dominated the globe, is facing tough times ahead.
Woke politics in entertainment and artistic interference from foreign regimes like communist China have taken a toll on viewership, creativity, and finances.
Last month, the Dow Jones Media Titans index, which tracks the performance of the world’s top 30 media companies, showed a 40 percent loss in 2022, with its total market value tumbling from $1.35 trillion to $808 billion, the Financial Times reported.
Entertainment losses last year surpassed those in other sectors, such as banking, which saw a 14.5 percent drop, and telecommunications, which witnessed an 11.2 percent decline in revenue….