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The bean counters at Hollywood are about to have a bad season, if projections are accurate: the industry is expected to lose $450 million this summer, from $4.45 billion to $4 billion, the worst in a decade. Studio heads are quick to blame the fact that most of the flicks coming out will be sequels or remakes, but some argue that increasing quality and availability of streaming content is another factor. I think that Hollywood has just forgotten to make good movies—and who the heck is greenlighting all of these ridiculously expensive but risky movies like King Arthur when they could just make some good profit on an original drama or horror film that is light on the effects?
…the latest box-office predictions state the first weekend of May through to early September takings will be down five to 10 percent on last year. While seemingly a relatively small percentage, for the entire cinema industry it could be quite disastrous. The publication states how many executives are worried there are just too many sequels and franchises overflowing the market. “Some of the tent poles are just not as strong this year,” 20th Century Fox head of domestic distribution Chris Aronson says. “Pirates of the Caribbean? It's the fifth one. Transformers? It’s the fifth one.” Fox has just released their sixth instalment in the Alien franchise — Alien: Covenant — and are releasing the third in the rebooted Planet of the Apes series, War for the Planet of the Apes.
…the latest box-office predictions state the first weekend of May through to early September takings will be down five to 10 percent on last year. While seemingly a relatively small percentage, for the entire cinema industry it could be quite disastrous. The publication states how many executives are worried there are just too many sequels and franchises overflowing the market. “Some of the tent poles are just not as strong this year,” 20th Century Fox head of domestic distribution Chris Aronson says. “Pirates of the Caribbean? It's the fifth one. Transformers? It’s the fifth one.” Fox has just released their sixth instalment in the Alien franchise — Alien: Covenant — and are releasing the third in the rebooted Planet of the Apes series, War for the Planet of the Apes.