The crisis in Hollywood just keeps getting worse.
According to The Hollywood Reporter, box office revenues have fallen to a 27-year-low (excluding the pandemic), with film studios bringing in just $425 million in October.
Many of their biggest titles, including Disney's Tron: Ares and Dwayne Johnson's The Smashing Machine, performed well below expectations.
The poor box office numbers come at a time when the film industry as a whole seems to be in decline.
This is especially the case in Hollywood, where several major studios have already pulled out.
Recent figures from the Bureau of Labor Statistics found that a staggering 42,000 jobs have disappeared over the past two years, equivalent to roughly a third of the entire industry workforce.
Yet the industry's biggest threat may not be California's far-left political leadership or growing audience pushback against ideological content.
Instead, it could be the rise of artificial intelligence and similar technologies that have the potential to disrupt, or even replace, the traditional way films are made.
Post too long. Click here to view the full text.