Hollywood has been producing more sequels, prequels, remakes and films based on existing properties in recent years compared to original films. In 2021, only one of the top 10 grossing films was an original idea.
This trend is due to consolidation in the film industry where there are fewer major players and studios. Consolidation has also led to fewer films being produced.
The rise of streaming services like Netflix has led to vertical integration where one company controls both content production and distribution. This gives them more control over who profits.
Creators and independent producers have less control and profit due to the lack of a clear marketplace to sell their content. Writer pay has actually decreased in recent years.
The UK has been more successful at producing original content due to government regulations that require broadcasters to commission a portion of their programming from independent producers and allow them to retain secondary rights.
Small to mid-sized production companies have been able to thrive in the UK due to these regulations.
There are questions over whether the current streaming model in Hollywood is sustainable in the long run.
Wall Street investors want to see profitability after years of growth investment in streaming companies.
Creators are fighting for terms that give them the ability and incentive to make great original content.
The outcome of this fight will determine whether the next great original film gets made.
Hollywood has been producing more sequels, prequels, remakes and films based on existing properties in recent years compared to original films. In 2021, only one of the top 10 grossing films was an original idea.
This trend is due to consolidation in the film industry where there are fewer major players and studios. Consolidation has also led to fewer films being produced.
The rise of streaming services like Netflix has led to vertical integration where one company controls both content production and distribution. This gives them more control over who profits.
Creators and independent producers have less control and profit due to the lack of a clear marketplace to sell their content. Writer pay has actually decreased in recent years.
The UK has been more successful at producing original content due to government regulations that require broadcasters to commission a portion of their programming from independent producers and allow them to retain secondary rights.
Small to mid-sized production companies have been able to thrive in the UK due to these regulations.
There are questions over whether the current streaming model in Hollywood is sustainable in the long run.
Wall Street investors want to see profitability after years of growth investment in streaming companies.
Creators are fighting for terms that give them the ability and incentive to make great original content.
The outcome of this fight will determine whether the next great original film gets made.
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