Hollywood is still associated with glamourous award shows and missive blockbusters, but signs in 2023 reveal the industry is on a sinking ship.
So far, 2023 has not been easy on the movie and TV industry, and the future isn't looking so bright for Hollywood. Between budget cuts, writer strikes, box office bombs, and non-stop cancelations, it seems that the film industry is floundering. This is the result of countless variables—from how the COVID-19 pandemic changed the way people spend their money to the after-effects of the streaming boom.
8 Multiple Major Movies Are Bombing At The Box Office 2023 has seen the theatrical release of several films that should have been massive successes. Indiana Jones and the Dial of Destiny, The Little Mermaid, Dungeons & Dragons: Honor Among Thieves—all high-budget movies expected to draw viewers to the theaters. Unfortunately, the 2023 Box Office has been wildly unpredictable. It's not as if no one will see movies—The Super Mario Bros Movie has proven this with its success.
5 Nostalgia-Focused Entertainment Has Limited Interest In New Ideas Though previous decades were full of new ideas that seemed to hit the spot with audiences, the last ten years or so have been dedicated to reboots and remakes. Classic sitcoms like Rosanne and Full House have received spinoffs, and Disney has made a live-action remake for nearly all of its animated Princess movies.
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