Hollywood’s Existential Crisis: Can the Industry Survive Its Own Drama?
The future of Hollywood is as uncertain as ever. With box-office revenue down and cable TV subscriptions plummeting, the industry faces an existential question mark. Yet, amidst the chaos, Maya Cade’s Black Film Archive offers a beacon of hope, preserving diverse Black cinema and challenging narrow perceptions of Black films.
Hot Take:
Hollywood’s future is stuck in a time loop where the past keeps haunting the present, cable TV is becoming the new dinosaur exhibit, and the Black Film Archive is like a DeLorean taking us back to the future of cinema.
Key Points:
- Hollywood’s financial recovery is slow, with box-office revenue expected to be 30% lower this year compared to 2019.
- By 2028, cable TV subscriptions are predicted to decline by 10 million.
- The Black Film Archive, launched in 2021 by Maya Cade, aims to provide a comprehensive resource on Black cinema.
- The Internet Archive lost an appeal, which could impact how we access and preserve information online.
- Hollywood is increasingly relying on existing intellectual property, neglecting new creative ventures.
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