CNN Is Collapsing, But Wait Until You See What’s Happened to Hollywood
CNN, as you are probably aware, is currently in complete disarray.
Since President Trump was forced out of office, they’ve lost almost half of their audience.
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The lights at CNN are barely on, and no one is at home…or, more precisely, no one at “home” is watching CNN.
But CNN isn’t the only one in trouble.
Another left-wing cesspool, Hollywood, is also tanking, owing to a lack of talent, imagination, hyper-politicization, and the COVID pandemic.
Hollywood, in fact, is in far worse shape than CNN.
Whereas CNN has lost nearly half of its viewers, Hollywood has lost nearly all of its revenue.
In 2020, box office earnings were $2.2 billion, down 80% from $11.4 billion in 2019.
According to the study, box office receipts in 2020 will be $2.2 billion, down from $11.4 billion in 2019.
In 2019, the theatrical and mobile entertainment markets in the United States produced $36.1 billion in revenue. However, due to the coronavirus pandemic shutdowns, revenue fell to $32.2 billion last year. It’s the lowest profit since 2017, when $32 billion was received.
The report’s final figure, however, shows enormous growth in streaming and video-on-demand services. Streaming generated $20 billion in revenue in 2019, up from $26.5 billion the previous year.
For the first time, China’s earnings exceeded those of North America, according to the report. China’s entertainment industry brought in $3 billion compared to $2.2 billion in the United States. With a $1.3 billion take, Japan came in second.
The MPA report also stated, according to the Hollywood Reporter:
In his letter presenting the 60-page-plus report, MPA chairman-CEO Charles Rivkin said, “The past year was difficult for the global economy, and for virtually every aspect of our daily lives: the stunning loss of life, the toll on our frontline employees, the catastrophic and widespread loss of jobs and businesses, and the nearly complete shutdown of many industries.”
“However, home and curated entertainment boomed during an otherwise trying year for theatrical exhibition and our industry as a whole. The good news didn’t stop at apartments, laptops, and other personal gadgets. Audiences never lost their appetite for the theater experience, as recent stories have shown, and drive-in theaters saw their greatest returns in decades.”
What are all of those elitist “woke” actors and actresses going to do now?
How will they be able to afford their seventh infinity pool and their 18th Ferrari?
All of the smug elitists who pushed for these lockdowns and ridiculous woke policies have failed.