The recent article on Hollywood in The Economist is a MUST read. Stop what you were planning to do for the next ten minutes, read this post and then read the article. You must. MCN pointed to it with the blurb: “Between 2007 and 2011, pre-tax profits of the five studios controlled by large media conglomerates fell by around 40%”. That hooked me. I read, and then I wept.
I don’t see how anyone can read that and NOT come to the conclusion that all the publicly-traded companies will divest their movie studio assets within the year. Maybe they will; maybe they won’t, but you know the
