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Hollywood's Longstanding Problems Can Be Partially Blamed On Its Relationship With Wall Street
Margot Robbie meets fans during a pink carpet event to promote her new film "Barbie" in Seoul on July 2.
(
Jung Yeon-Je
/
AFP via Getty Images
)
Topline:
The entertainment industry’s inability to address many of its longstanding problems can be blamed in part at least on the perverse incentives created by its leading company’s relationship with Wall Street.
Why it matters: The downstream effects of Wall Street’s fundamental misunderstanding that Hollywood is a business of hits affects everyone, from the people who work in the business to those who rely on a healthy ecosystem of Los Angeles’s most important companies, to consumers and the entertainment they watch.
The hard truth: The Ankler’s Chief Columnist Richard Rushfield puts it plainly: Wall Street doesn’t like entertainment or entertainment companies. They don’t care about originality. The leaders of the studios are therefore faced with a never-ending demand to please investors, at the expense of studio employees and other industry workers as well as viewers.
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