
The end of Hollywood: “Alice Through the Looking Glass” is yet another big-budget flop — and that could mean a disastrous year for studios
SalonDon’t let the “record” numbers fool you: Hollywood is in major trouble. At a time when “The LEGO Movie” and “Winter Soldier” topped the box office charts, the year-to-date total amassed $4.1 billion, which is 54 percent larger than the comparatively paltry 2016 total cited above. While an increasingly small number of movies are making all the money, the industry is witnessing a meteoric rate of flops: Last weekend’s “Alice Through the Looking Glass,” the follow-up to Tim Burton’s 2010 Lewis Carroll adaptation, took in just $26 million in three days. It was also the worst total since 2011, the year of notorious duds like “Mars Needs Moms” and “The Green Lantern.” That trend doesn’t show signs of slowing down: This weekend will see the release of “Teenage Mutant Ninja Turtles: Out of the Shadows,” which is projected to earn just $27 million in its first three days. What will happen when only two studios release all the profitable movies and everyone else keeps making disasters like “Pan,” “Jupiter Ascending,” and “Aloha?” At a time when respected voices like Steven Spielberg, George Lucas, and Steven Soderbergh have prophesied the imminent “implosion” of the studio system, you don’t need a magic mirror to tell you Hollywood could be about to lose its head.
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