Hollywood, Ignore Hollywood
By Holman W. Jenkins, Jr.
The streaming bubble burst and hasn’t stopped bursting. Netflix’s share price has been in steady decline since it entered and exited the battle for the Warner Bros. studio properties. Covid happened, the Hollywood strikes happened, executives silently thankful for the excuse to cut back the production of unwatched shows.
The world is packed with creative people, meanwhile, and new tools make it easy for them to compete. In the Paramount-Warner fight, movie celebrities were often sources of bad advice.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing