Sunday, February 25, 2024

THE LAST DAYS OF HOLLYWEIRD AND NO ONE GIVES A FUK! - Nolte: Another Terrible Box Office Weekend for Woke Hollywood

 




Nolte: Another Terrible Box Office Weekend for Woke Hollywood

Madame Web
Sony Pictures

Once again, Hollywood’s woketardery flamed out at the weekend box office, which is down -32 percent over this same weekend last year.

All told, the box office grossed $64 million this weekend. That’s not what one movie earned this weekend. This is what ALL the movies earned.

Oh, and guess what the only hit of the weekend is? Bob Marley: One Love. Despite terrible reviews, One Love has earned $72 million over two weeks.

But-but-but, I was told that all of these woke movies bomb — not because woke sucks — but, but, but because America is racist.

But-but-but, if racism is why all those woke movies bomb, why is the only box office hit in February a movie about a black guy?

Oh, and the number two movie in America this weekend…? The debut of a piece of Asian anime called Demon Slayer Kimetsu no Yaiba -To the Hashira Training. It’s about to gross $11 million.

Looks like the racists took the weekend off from being racist.

Still bombing and bombing hard, and when I say hard, I mean harder than The Marvels, is Madame Web. After an opening weekend so terrible, major franchise plans were immediately scrapped, it dropped -64 percent this weekend. Its two-weekend total now stands at $35 million. With promotion costs, Sony/Marvel poured at least $150 million into this feminist drivel. Deservedly, losses could top $100 million.

This weekend’s biggest and most notable flop comes from one Coen brother (Ethan) and his wife. Drive-Away Dolls, a lesbian road trip lark, opened on 2,279 screens and promptly died with a pathetic $2.5 million opening.

The movie’s original title was Drive-Away Dykes, which might have boosted its box office chances. At least that title had some edge to it.

Either way, who was this $30 million movie made for?

Other than the Bob Marley biopic, the only other movie performing within expectation is the Christian film Ordinary Angels, which stars two-time Oscar winner Hilary Swank. I find two things interesting about this movie. The first is that Meg Tilly co-wrote the screenplay. The second is that it takes place in Louisville during what was called the 1994 North American Cold Wave.

My wife and I got trapped in that cold wave just outside of Louisville. Black ice made driving on Highway 75 impossible. Long after dark, with a police escort, we were all driven to the first exit. I knew we would never get a hotel room if I took that exit. So I ignored the cops, got off at the next exit, and scored the last hotel room in a town called Berea. After getting my wife all settled in, I walked a mile through towering snowdrifts for some Mexican takeout.

What a great night that was.

Where was I?

Oh, yeah.

Hollywood sucks.

Even before you add this dud of a weekend, year-to-date, the 2024 box office is down 21 percent compared to last year and 45 percent compared to 2020 — the last year before the pandemic hit.

And don’t let the sycophants in the Hollywood media fool you. As Breitbart News reported last week, this collapse has zero to do with the pandemic, the strikes, or a lack of wide-release content. There’s plenty of content, which means the box office is collapsing for only one reason: the product sucks.

 

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Paramount’s Future Looks Grim Amid Perfect Storm of Declining Cable TV, Streaming Woes

JIM WATSON/AFP; Benjamin Lowy/Getty Images/Paramount Pictures/CBS
JIM WATSON/AFP; Benjamin Lowy/Getty Images/Paramount Pictures/CBS

The future doesn’t look good for Paramount Global — the Hollywood giant that owns CBS, Paramount Pictures, Comedy Central, BET, Pluto TV, and many other media properties.

Paramount Global’s financial outlook took a hit Friday when S&P Global slapped it with a “credit watch negative” rating over concerns about the company’s cash flow. The report blamed “the ongoing deterioration of the linear television ecosystem and the shift toward a lower margin direct-to-consumer (DTC) streaming model.”

Like other legacy Hollywood studios, Paramount is feeling the pain from tens of millions of Americans canceling their cable TV subscriptions. At the same time, the studio’s streaming services — including Paramount+ and Pluto TV — continue to lose money at an alarming rate.

The bad news comes amid ongoing acquisition rumors that have swirled around Paramount for many months. Among the possible suitors is David Ellison’s Skydance, which helped finance the latest Mission: Impossible movies and Top Gun: Maverick.

This month, Paramount began laying off around 800 employees, or 3 percent of its workforce, in an effort to cut costs.

The layoffs represent the latest Hollywood bloodbath following similar moves at other media giants, including Disney, NBCUniversal, Amazon MGM Studios, and Universal Music Group.

Hollywood is also feeling the squeeze from the advertising market, which is still in the doldrums due to poor consumer sentiment tied to President Joe Biden’s economic policies.

As Breitbart News reported, Warner Bros. Discovery recently reported its financial results for the latest quarter took a substantial hit due to weak TV advertising revenue.

Follow David Ng on Twitter @HeyItsDavidNg. Have a tip? Contact me at dng@breitbart.com

CNN Parent Company Warner Bros. Discovery Hammered By Weak TV Advertising, Stock Plunges

Slaven Vlasic; Mandel ngan; Silver Screen Collection/Getty Images/Max
Slaven Vlasic; Mandel ngan; Silver Screen Collection/Getty Images/Warner Bros. Discovery

Warner Bros. Discovery — the parent company of CNN, Warner Bros., HBO, and numerous other media properties — is getting hammered by weak TV advertising, causing its earnings to fall short of expectations and its stock to plunge as investors worry about the media giant’s financial prospects.

Shares of Warner Bros. Discovery plummeted 12 percent early Friday before recovering slightly later in the day. The company said TV advertising revenue sank 14 percent for the most recent quarter — a sign that the ratings challenged CNN and the company’s other basic cable channels are still in dire condition.

Hollywood’s long-hoped-for recovery in the TV advertising market has failed to materialize as consumer sentiment continues to languish under the Biden administration, which has caused unprecedented inflation that has decimated households across the country.

Adding to Hollywood’s financial pain are the tens of millions of Americans who continue to cut the cable cord.

CNN has failed to reverse its ratings woes despite new leadership and programming shake-ups. The so-called “most trusted  name in news” recently notched a pathetic average viewership of 538,000 during primetime — below such cable channels as the History Channel and Hallmark, and far behind Fox News and MSNBC.

Like other legacy Hollywood studios, Warner Bros. Discovery is betting the farm on streaming entertainment, even going so far as to add CNN for free to its flagship subscription streaming service, Max.

In a surprise, Max ended 2023 in the black — making it the first legacy Hollywood streaming service to turn an annual profit.

CEO David Zaslav pulled off the coup through ruthless cutting, including removing great swaths of content from the service in a bid to save money. The content purges have earned him the wrath of TV and movie fans.

He also oversaw layoffs last year that hit many of the company’s media properties, including HBO and TCM — further enraging cinephiles.

“This business is not without its challenges,” Zaslav said Friday during the company’s fourth-quarter earnings call. “Among them, we continue to face the impacts of ongoing disruption in the pay TV ecosystem and a dislocated, linear advertising ecosystem. We are challenging our leaders to find innovative solutions.”

Follow David Ng on Twitter @HeyItsDavidNg. Have a tip? Contact me at dng@breitbart.com

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