The Inevitable Decline of Movies

Less is more. Except when it’s not. And in the current case of movies, it is most decidedly not. The film industry is shrinking—by revenue, volume, value and old fashioned chutzpah. The past poor decisions by major executives and the present market realities are creating an ecosystem with heightened risk for theatrical films, a declining number of buyers in the market, and an economic model that favors alternative mediums. That’s bad for business and audiences. Let’s pop a lexapro and take a closer...