I don't think Soros is paying for bad movies to be made. He's more into paying for putting on parties where people decide to make bad movies.
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Replying to @anomalyuk @CARypple and
It takes more than cocktail parties to convince studio execs to take multimillion-dollar losses, over and over again. It's as if risk isn't even a factor. But that can't be true. They know someone will reimburse their costs.
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Replying to @Stoner_68 @CARypple and
Maybe they think they can't make the profitable ones if they don't make the loss-making ones. Maybe they're right. Maybe they don't care as long as there are enough profitable ones to cover it.
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Replying to @anomalyuk @Stoner_68 and
That, after all is how newspapers worked until very recently: papers published a lot of journalism that cost more than it was worth, but they believed it was their duty and there was enough profitable stuff to cover the cost.
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Replying to @anomalyuk @CARypple and
I posit that H'wood is not only on the same trajectory as newspapers, but that they are also at or near the same point on the trajectory. Yet: -Newspapers are on life support without hope of recovery -H/wood is surviving, with a fair prognosis The difference is investment.
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Replying to @Stoner_68 @CARypple and
What happened to newspapers is their profitable business went away. Successful films are making more money than ever, and the last couple of years particularly they have got more effective at churning them out in volume.
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Replying to @anomalyuk @CARypple and
Most films lose money. Many films lose enormous money. A few films are wildly profitable. Can they hold up the whole industry without help?
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Replying to @Stoner_68 @CARypple and
Most of the big movies make money for the movie industry. The studios' notorious accounting practices mean there's generally a pretty small bottom-line number for the film as a whole, but that's after most investors have already taken their profit.
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Replying to @anomalyuk @Stoner_68 and
This site has some stats https://www.the-numbers.com/movie/budgets/all …
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Replying to @anomalyuk @CARypple and
Good data. Too bad it isn't available as a flat file. I'm quite curious about the trendlines.
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Yes, the industry is not at all transparent, but I think it's more likely that it's concealing profits than concealing losses. The wikipedia for Justice League chimes with my rule of thumb (300M budget, 658M worldwide gross, 60M estimated loss) https://en.wikipedia.org/wiki/Justice_League_(film)#Box_office …
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