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Bright Spots For Hollywood Despite Industry Doom And Gloom
Margot Robbie meets fans during a pink carpet event to promote her new film "Barbie" in Seoul.
(
Jung Yeon-Je
/
AFP via Getty Images
)
Topline:
Richard Rushfield released his eighth annual State of the Union address to the industry, striking a note of optimism for entertainment’s enduring popularity amid the larger industry crises.
Why it matters: Hollywood has been wallowing in doom despite many bright spots, such as nine streaming services attracting tens of millions of subscribers apiece, each making progress in building distinct identities. In addition, a wide variety of films broke through in the last year, not only "Barbenheimer," but also “smaller” movies, such as Poor Things, which has garnered more than $100 million at the box office.
A rallying cry: Rushfield urges entertainment industry leaders to step up in addressing such pressing issues as on-screen gun violence, the relative dearth of new stars, and appealing to younger audiences.
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