Ed Driscoll

Paint it Bleak

Found via Instapundit, the New York Times’ spin-off paper, The International Herald Tribune notes that the “Hollywood strike underlines bleak outlook for movie business“:

As Hollywood digs in for a second week of a strike, the screenwriters might want to send a few angry picketers over to Will Smith’s place. Or Steven Spielberg’s.

And maybe the studio executives should think about joining them on the line.

As it turns out, the pot of money that the producers and writers are fighting over may have already been pocketed by the entertainment industry’s biggest talent.

That is the conclusion of a surprisingly bleak new assessment of financial dynamics in the movie industry titled “Do Movies Make Money?” The researchers’ answer: not any more.

Why, it’s like The Era of Big Cinema Is Over, or something…