{"id":85731,"date":"2023-11-15T03:00:56","date_gmt":"2023-11-15T08:00:56","guid":{"rendered":"https:\/\/quotulatiousness.ca\/blog\/?p=85731"},"modified":"2023-11-14T11:14:38","modified_gmt":"2023-11-14T16:14:38","slug":"the-big-brains-of-hollywood-display-a-special-kind-of-stupid","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2023\/11\/15\/the-big-brains-of-hollywood-display-a-special-kind-of-stupid\/","title":{"rendered":"The big brains of Hollywood display &#8220;a special kind of stupid&#8221;"},"content":{"rendered":"<p>Ted Gioia met with a group of executives from movie distribution firms outside the North American market back in 2016. It was a good time, financially, but the overall tone of the meeting was anxious because the trend seemed unsustainable:<\/p>\n<blockquote><p>These were smart people, but they didn&#8217;t make the movies. They just ran theater chains. But they didn&#8217;t need to be specialists in creativity or storytelling to know that hit films were now built on tired formulas, the same plot lines played out over and over again.<\/p>\n<p>Special effects added some sizzle to the steak, but it was still the same stale meal night after night. Sooner or later, even superheroes die.<\/p>\n<p>Other genres have come and gone \u2014 westerns and musicals and other box office draws of the past. Comic book franchises would eventually meet the same fate.<\/p>\n<div id=\"attachment_85732\" style=\"width: 810px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2023\/11\/Film-genre-popularity-1910-2021-by-Bo-McCready.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-85732\" src=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2023\/11\/Film-genre-popularity-1910-2021-by-Bo-McCready-800x640.jpg\" alt=\"\" width=\"800\" height=\"640\" class=\"size-large wp-image-85732\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2023\/11\/Film-genre-popularity-1910-2021-by-Bo-McCready-800x640.jpg 800w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2023\/11\/Film-genre-popularity-1910-2021-by-Bo-McCready-480x384.jpg 480w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2023\/11\/Film-genre-popularity-1910-2021-by-Bo-McCready-150x120.jpg 150w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2023\/11\/Film-genre-popularity-1910-2021-by-Bo-McCready-768x614.jpg 768w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2023\/11\/Film-genre-popularity-1910-2021-by-Bo-McCready.jpg 1200w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-85732\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/twitter.com\/boknowsdata\/status\/1484888876430807050\" rel=\"noopener\" target=\"_blank\">Bo McReady<\/a><\/p><\/div>\n<p>Back then, Disney was bragging to shareholders that another 20 Marvel films were already in the pipeline. And that was just a start. CEO Bob Iger explained that <a href=\"https:\/\/www.theverge.com\/tldr\/2017\/11\/27\/16705728\/marvel-studios-kevin-feige-mcu-infinity-war-phase-three-iron-man-anniversary\" rel=\"noopener\" target=\"_blank\">Disney owned the rights to 7,000 different Marvel characters<\/a> \u2014 implying that brand franchises could propagate forever, like <a href=\"https:\/\/en.wikipedia.org\/wiki\/Rabbits_in_Australia\" rel=\"noopener\" target=\"_blank\">copulating Australian bunnies<\/a>.<\/p>\n<p>That was the party line in Burbank. But most of the people I spoke to that day privately expressed doubts about this formula-driven strategy. They hoped to enjoy a few more years of boom times, but worried about what would happen next.<\/p>\n<ul>\n<p align=\"center\"><strong>&#8220;It takes a special kind of stupid to kill off Indiana Jones or <em>Toy Story<\/em> or a Marvel superhero, but that&#8217;s exactly what&#8217;s playing out right now in the Magic Kingdom.&#8221;<\/strong><\/p>\n<\/ul>\n<p>As it turned out, they were right to worry. But a virus, not a superhero, let them down. The first COVID case happened almost exactly three years after my December 2016 talk.<\/p>\n<p>But it now looks like the pandemic merely delayed the creative collapse.<\/p>\n<p>Hollywood has saturated the market with look-alike movies. Their pipeline of films is now exploding like the Nord Stream, but with this difference\u2014studios are still sitting on a huge pile of future bombs.<\/p>\n<p>And what does a studio do with a bomb on its hands?<\/p>\n<p>They have four options\u2014and they are four kinds of ugly<\/p>\n<ol>\n<li>You delay the film, hoping for a better market environment in the future.<\/li>\n<li>You send it back for rewriting and more filming<\/li>\n<li>You cancel it entirely, and write off the investment<\/li>\n<li>You release it \u2014 sinking another $50 million, more or less, into marketing \u2014 and then watch it collapse at the box office.<\/li>\n<\/ol>\n<p>Disney is getting a sour taste of strategy number four this week. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Ted Gioia met with a group of executives from movie distribution firms outside the North American market back in 2016. It was a good time, financially, but the overall tone of the meeting was anxious because the trend seemed unsustainable: These were smart people, but they didn&#8217;t make the movies. They just ran theater chains. 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