Skip to content

Recent Posts

  • Red Cross Endangering Blood Supply in Compliance with Woke, Transgender Politics
  • Woke British Hiring Illiterates and Convicts as Police to Fulfill ‘Diversity’ Goals
  • If There’ s No God, There’s No Rights
  • Industry-Intensive Vietnam to Increase Fossil Fuel Consumption
  • Huge Study Once Again Shows that Masks are Utterly Useless in Stopping COVID

Most Used Categories

  • Commentary (186)
  • USA News (181)
  • Politics (155)
  • Culture (54)
  • Justice (31)
  • Economy (30)
  • World News (27)
  • Education (24)
  • Faith (15)
  • Uncategorized (3)
Skip to content
The Conservative Insider

The Conservative Insider

Subscribe
  • Subscribe
  • Home
  • Politics
  • World News
  • Education
  • Economy
  • Home
  • Commentary
  • Hollywood Has Lost More than $500 Billion in Market Value in 2022

Hollywood Has Lost More than $500 Billion in Market Value in 2022

iPatriotDecember 27, 2022December 26, 2022
This post originally appeared on iPatriot.com

The year 2022 was one of the worst years for Hollywood in some time, with La La Land’s entertainment companies losing more than $500 billion in market share.

It really couldn’t happen to a more deserving industry.

Per Breitbart Entertainment:

Major studios, streamers, cable providers, and other media giants lost a combined $542 billion in market value in 2022, with left-wing studios the Walt Disney Co., Netflix, and Comcast accounting for the bulk of the bloodshed.

The Dow Jones Media Titans index, which tracks the performance of 30 of the world’s biggest media companies, shed 40 percent this year, with its total market value declining from $1.35 trillion to $808 billion, according to a Financial Times report.

The losses outpaced indices for other sectors, including banking, which saw a 14.5 percent drop for the year, and telecommunications, which fell by 11.2 percent.

Hollywood’s horrible year was the result of a one-two punch of a downturn in the streaming market coupled with consumers continuing to cut the cord by the millions. In addition, the advertising market has cratered as households cut spending as the costs of essentials like food and energy continue to skyrocket due to President Joe Biden’s (D) disastrous economic policies.

Disney is down, Netflix is down, Comcast is down… they are just about all down.

This is the best news of all from 2022.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston

This post originally appeared on iPatriot.com

Post navigation

Previous: Woke Las Vegas Bail Relief Fund Backed by Hollywood Closes Down after Helping to Release Criminal Who Murdered while on Bail
Next: Biden Used Our Tax Dollars to Pay to Send Foreign Journalists to Attend Climate Change Tour

Related Posts

Red Cross Endangering Blood Supply in Compliance with Woke, Transgender Politics

February 2, 2023February 1, 2023 iPatriot

Woke British Hiring Illiterates and Convicts as Police to Fulfill ‘Diversity’ Goals

February 2, 2023February 1, 2023 iPatriot

If There’ s No God, There’s No Rights

February 2, 2023February 1, 2023 iPatriot

Get a daily newsletter from The Conservative Insider.

Recent Posts

  • Red Cross Endangering Blood Supply in Compliance with Woke, Transgender Politics
  • Woke British Hiring Illiterates and Convicts as Police to Fulfill ‘Diversity’ Goals
  • If There’ s No God, There’s No Rights
  • Industry-Intensive Vietnam to Increase Fossil Fuel Consumption
  • Huge Study Once Again Shows that Masks are Utterly Useless in Stopping COVID

Categories

  • Commentary
  • Culture
  • Economy
  • Education
  • Faith
  • Justice
  • Politics
  • Uncategorized
  • USA News
  • World News

Archives

  • February 2023
  • January 2023
  • December 2022

Information

  • Privacy Policy
  • Contact Us
Copyright 2023 © All Rights Reserved - The Conservative Insider