it's not just rolling back the Netflix-ing of writers rooms etc. Hollywood needs to de-Wall Street its notions of what constitutes "profitability"
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"Tidy, consistent, sustainable profits—the kind of thing generated by movie studios that once offered a diverse slate of reasonably budgeted adult dramas, teen-date rom-coms, family films, and fence-swinging art movies—are a thing of the past for those in charge of the industry. Other forces from the entertainment world are certainly at play, specifically the rise of prestige TV as a destination for what the movies have abandoned. But the pivot to the IP Era feels simple, because it feels familiar. It’s because tidy, consistent, sustainable profits aren’t enough. There must be growth. There must be domination. There must be Shared Universes.
This attitude goes beyond being risk-averse. Risk aversion isn’t new. Single-minded speculation, trying to alchemize IP into gold, is."
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