Wednesday, January 04, 2023

That's Not Entertainment

People are not buying the main stream media's current direction as reported at the Christian Post

In 2022, “woke” didn’t work for some of Hollywood’s biggest studios.

The Walt Disney Company, Netflix, Comcast and other media giants lost more than a half-trillion dollars in market value last year, according to a report from the Financial Times.

In fact, the market value for the Dow Jones Media Titans (DJMT) index, a barometer of the financial health of 30 of the biggest media companies in the world, plunged from $1.35 trillion to $808 billion, a decline of about 40%.

As part of what one analyst called a “perfect storm of bad news,” shares of Disney sunk by about 45% — its steepest drop in nearly 50 years — after the studio’s Avatar sequel underperformed at the box office.

Disney and others have been trying to promote and cash in on the modern day craze of gender  uncertainty for many years. It looks like they are going to have to rethink things if they hope to make money from today's entertainment consumers.

I resolve to simply keep watching classic films (especially the old black and white ones), and I will not be paying for the trash Disney et al are pushing.

 

3 comments:

  1. Katherine8:51 AM

    Yes. And our daughter is now carefully scrutinizing every Disney offering to protect our granddaughter from inappropriate material. The newer stuff is not viewed in their house.

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    1. Katherine7:07 PM

      We are fortunate that both of our daughters are believers, although one doesn't attend church. The one with a daughter of her own is a member of an ACNA parish. I am continuing to pray for your family member who needs to see and accept Christ in his life.

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