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this post was submitted on 19 Feb 2024
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What I see in this graph is a nosedive in 2020, then things getting normal in 2022 to 2023, and immediately going into nosedive again in the latter half of 2023 with the cost of living crisis.
Frankly, I wouldn't care if cinemas died out completely. Get much better sound and picture quality at home, anyway.
Avatar 2 is still one of the most successful films of all time. Barbie and Oppenheimer did well as well.
I think the main problem is that Hollywood doesn’t have that many big blockbuster franchises ongoing. There aren’t that many new movies that attract viewers. Superhero movies are finished. Star Wars is mostly TV now. Hollywood hasn’t managed to find any replacement for these franchises.
Yeah, Hollywood has become even more risk-averse than in the old days and boring. There used to be a new original Hollywood film coming out every month. Now all you have is reboots, rehashes and sequels. Avatar 2, Barbie and Oppenheimer are an exception. Even though technically Avatar 2 is a sequel and the Manhatten project has been covered very well before—the TV series Manhattan was exceptionally good and in 1989 there was Fat Man and Little Boy which was OK.
Netflix used to be the risk-taking innovator for a while (Okja, Birdbox) but that has died, too.
And you don’t have to deal with assholes.
There were almost no big theatrical first releases in 2023 besides the 2 big movies and that's because production had halted for much of the pandemic and was playing catchup.
If it were caused by the recession, I ask again why no noticeable dip in 2008?