Moving Pictures
Oct 19, 2009, 06:05AM

The death of Hollywood...

Just where did all the creativity go?

There is a level of panic in Hollywood I haven’t seen for a while. Studio execs are being fired right and left and DVD sales revenue (which make up about 50% of a pictures revenue) are falling 15% YOY as people stop buying movies and use rental services like Netflix and Redbox. Foreign DVD revenues from the BRIC’s are non-existant as piracy continues to flourish with little government attempts to police the more outrageous vendors who make millions of DVD’s in large duplication factories.


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