{"id":1786604,"date":"2022-12-26T07:00:57","date_gmt":"2022-12-26T12:00:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1786604"},"modified":"2022-12-26T07:03:48","modified_gmt":"2022-12-26T12:03:48","slug":"hollywood-has-lost-500-billion-in-market-value-this-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hollywood-has-lost-500-billion-in-market-value-this-year\/","title":{"rendered":"Hollywood Has Lost $500+  Billion in Market Value This Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhollywood-has-lost-500-billion-in-market-value-this-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1786604&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/coronavirushollywoodads1-640x335-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p class=\"subheading\">For Hollywood, 2022 was truly an\u00a0<em>annus horribilis<\/em>.<\/p>\n<p class=\"a8d-pre\">Major studios, streamers, cable providers, and other media giants lost a combined $542 billion in market value in 2022, with left-wing studios the Walt Disney Co., Netflix, and Comcast accounting for the bulk of the bloodshed.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The Dow Jones Media Titans index, which tracks the performance of 30 of the world\u2019s biggest media companies, shed 40 percent this year, with its total market value declining from $1.35 trillion to $808 billion, according to a <em>Financial Times<\/em> <a href=\"https:\/\/www.ft.com\/content\/e4f2b787-283f-4872-916f-92d096fc7120\">report<\/a>.<\/p>\n<p>The losses outpaced indices for other sectors, including banking, which saw a 14.5 percent drop for the year, and telecommunications, which fell by 11.2 percent.<\/p>\n<p class=\"a8d-pre\">Hollywood\u2019s horrible year was the result of a <a href=\"https:\/\/www.breitbart.com\/entertainment\/2022\/12\/08\/nolte-studios-panic-streaming-fails-offset-cord-cutting-yeah-cuz-your-content-sucks\/\">one-two punch<\/a> of a downturn in the streaming market coupled with\u00a0consumers continuing to cut the cord by the millions. In addition, the advertising market <a href=\"https:\/\/www.breitbart.com\/entertainment\/2022\/11\/04\/hollywood-clobbered-by-weak-advertising-as-bidenflation-weighs-on-consumer-spending\/\">has cratered<\/a> as households cut spending\u00a0as the costs of essentials like food and energy continue to skyrocket due to President Joe Biden\u2019s (D) disastrous economic policies.<\/p>\n<figure id=\"D-ROS-B2\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Woke companies paid the highest price in 2022.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Leftists are having a very hard time accepting the smashing success of non-woke, pro-America, masculine &#8216;Top Gun: Maverick.&#8221; <a href=\"https:\/\/t.co\/9xVyBZec6y\">https:\/\/t.co\/9xVyBZec6y<\/a><\/p>\n<p>\u2014 Breitbart News (@BreitbartNews) <a href=\"https:\/\/twitter.com\/BreitbartNews\/status\/1533233658517127173?ref_src=twsrc%5Etfw\">June 4, 2022<\/a><\/p>\n<\/blockquote>\n<p>Disney \u2014 once an invincible brand and iconic American company\u2013 saw its stock plummet more than 40 percent this year as the company faces <a href=\"https:\/\/www.breitbart.com\/entertainment\/2022\/11\/09\/tragic-kingdom-disney-shares-plummet-to-lowest-level-in-nearly-a-decade-as-concerns-mount-over-profitability\/\">weak profitability for the foreseeable future<\/a>, prompting the firing of CEO Bob Chapek and the return of old CEO Bob Iger.<\/p>\n<p>Disney, whose stock is on course for its worst year since 1974, spent 2022 <a href=\"https:\/\/www.breitbart.com\/entertainment\/2022\/12\/15\/disney-not-gay-enough-for-glaad-receives-insufficient-mark-in-annual-lgbtq-inclusivity-report-card\/\">embracing radical LGBTQ activism<\/a> and waging a calamitous political war with Florida Gov. Ron DeSantis (R) over the state\u2019s anti-grooming Parental Rights in Education Law.<\/p>\n<p class=\"a8d-pre\">Netflix experienced an unprecedented two consecutive quarters of subscriber losses this year, which <a href=\"https:\/\/www.breitbart.com\/entertainment\/2022\/06\/23\/netflix-massacre-300-employees-axed-in-largest-layoff-since-subscriber-downturn\/\">resulted in layoffs and cost-cutting across the board<\/a>. For the year, the stock is down more than 50 percent.<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<p>Other big losers include\u00a0Paramount Global, whose stock has dropped more than 40 percent, and Warner Bros. Discovery \u2014 the parent company of CNN \u2014 whose stock has tumbled more than 60 percent.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Leftist Hollywood continues to deliver woke dud after woke dud\u2026and it&#8217;s awesome to see their profits cratering as a result. <a href=\"https:\/\/t.co\/m92ofruh6N\">https:\/\/t.co\/m92ofruh6N<\/a><\/p>\n<p>\u2014 Breitbart News (@BreitbartNews) <a href=\"https:\/\/twitter.com\/BreitbartNews\/status\/1576709012552294401?ref_src=twsrc%5Etfw\">October 2, 2022<\/a><\/p>\n<\/blockquote>\n<p>Comcast \u2014 the parent of NBC and MSNBC, as well as Universal \u2014 is down more than 30 percent for the year.<\/p>\n<p>\u201cIt\u2019s been a perfect storm of bad news,\u201d Michael Nathanson, media analyst at SVB MoffettNathanson, told the <em>FT<\/em>. \u201cI\u2019ve been covering this sector a long time and I\u2019ve never seen such a bad collection of data points before.\u201d<\/p>\n<p><strong><em>Follow David <\/em><em>Ng on Twitter\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/HeyItsDavidNg\" target=\"_blank\" rel=\"noopener external\">@HeyItsDavidNg<\/a>. Have a tip? Contact me at\u00a0<a class=\"c-link x5l\" href=\"mailto:dng@breitbart.com\" target=\"_blank\" rel=\"noopener external\">dng@breitbart.com<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For Hollywood, 2022 was truly an\u00a0annus horribilis. Major studios, streamers, cable providers, and other media giants lost a combined $542 billion in market value in 2022, with left-wing studios the Walt Disney Co., Netflix, and Comcast accounting for the bulk of the bloodshed. The Dow Jones Media Titans index, which tracks the performance of 30 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1786607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[9470,6962,8352,4484,5458,4361,5987,4545,3819,3686,6822,5734],"class_list":["post-1786604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-has","tag-the","tag-8352","tag-billion","tag-bongino","tag-hollywood","tag-lost","tag-market","tag-report","tag-this","tag-value","tag-year"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1786604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1786604"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1786604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1786607"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1786604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1786604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1786604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}