Hollywood’s hit parade is becoming a sideshow
WBD•Hollywood’s problems go deeper than consolidation
California Attorney General Rob Bonta called off a Monday meeting with Paramount Skydance PSKY.O as his office presses a lawsuit to block its acquisition of fellow moviemaker Warner Bros Discovery WBD.O. Tensions over the future of the state's film industry loom large, but woes are mounting. Despite a blockbuster summer box office, showbiz is less profitable than it was pre-pandemic. As audiences keep drifting to online video, the industry could use a new plot twist.
Regulatory fights may not solve the industry's wider challenge
California was expected to push for Paramount to keep the Warner Bros studio independent as part of a settlement. The Golden State's lawsuit, and others, focuses on potential deleterious effects from the supply of movies. Viewers attention, however, is already wandering.
