CNN, as you are probably aware, is currently in complete disarray.
We also know that the NBA, led by social justice nut LeBron James, is on the verge of collapse.
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Since President Trump was thrown out of office, they’ve lost nearly half of their audience.
The lights at CNN are barely on, and no one is at home…or, more precisely, no one at “home” is watching CNN.
Nobody cares about a bunch of spoilt billionaire “activists” bouncing a ball down the court.
But it’s not just CNN and the NBA that have seen their ratings plummet.
Another left-wing cesspool, Hollywood, is also tanking, owing to a lack of talent, innovation, hyper-politicization, and the COVID pandemic.
Hollywood, in fact, is in far worse position than CNN or the NBA.
Whereas CNN has lost over half of its viewers, Hollywood has lost nearly all of its earnings.
According to the study, box office receipts in 2020 will be $2.2 billion, down from $11.4 billion in 2019.
In 2019, the theater and mobile entertainment markets in the United States generated $36.1 billion in revenue. However, because to the coronavirus pandemic shutdowns, revenue dropped to $32.2 billion last year. It’s the lowest profit since 2017, when $32 billion was made.
The report’s final figure, though, reveals huge increase 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 topped those of North America, according to the report. China’s entertainment industry generated $3 billion in revenue.
In his letter introducing the 60-page-plus report, MPA chairman-CEO Charles Rivkin said, “The past year was challenging for the global economy, and for virtually every aspect of our daily lives: the staggering loss of life, the toll on our frontline workers, the devastating and widespread loss of jobs and businesses, and the nearly complete shutdown of many industries.”
“Our workforce was not immune: jobs were lost, productions were restricted or shut down, and movie theaters across the globe were shuttered,” Rivkin stated. “However, home and curated entertainment grew amid an otherwise trying year for theater exhibition and our business as a whole.