Bosses’ bums remain in the butter despite Tinseltown’s annus horribilis
Hollywood CEOs had a generous 2023, despite their companies’ much reduced profits
As repeatedly reported over the course of the year, 2023 was a difficult year for Hollywood, oft described as an annus horribilis during which profits plummeted and output flatlined as the industry’s big plans for a post-Covid comeback were hamstrung by the effects of the writers’ and actors’ strikes.
The picket lines grew and grew, threatening at one stage to bring about an indefinite halt to production of films and streaming content. The threat to the earnings of media conglomerates was compounded by Wall Street jitters about streaming companies and the fear that the proliferation of services would destroy bottom lines...
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