Yes, the strike is saving Hollywood studios money. But the downsides are more important
LA TimesWelcome to the Wide Shot, a newsletter about the business of entertainment. “Of course, there’s the short-term benefit from the strike that the media companies will recognize higher free cash flow as production is shut down,” said Robert Fishman, a media analyst with the research firm MoffettNathanson. Not to mention “Teenage Mutant Ninja Turtles: Mutant Mayhem” — a franchise-revitalizing hit for Paramount Pictures — and smaller successes like A24’s “Talk to Me.” Studios can’t go a year without new movies and TV shows. But I’m also interested in the staying power of “Elemental,” which survived its weak opening weekend and has grossed more than $400 million, globally, including $148 million in the U.S. and Canada. — A showrunner’s memo on the “death spiral of Hollywood monopolies.” Film shoots Here’s the latest data from FilmLA: Finally.