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The Economy & Hollywood
Is Hollywood Losing Money?
Yup!

Ah, Hollywood! Stars, glitz, glamor, money! All these components make up Tinseltown. L.A. is one of the richest places in the U.S. You’ve got the expensive apartments, the mansions, the pricey shopping, and the high end sushi. It seems like that place is just pouring in and out money. Think again!

Now, all I said is true, but there’s more to it than that. Did you know that the economy is affecting Hollywood? You might have had a feeling, but it’s worse than you thought. A lot of studio workers have been let go and screenwriters aren’t making what they used to.

Did you know that 2011 was one of the worst years for the box office financially? Not many people went to the movies at all. Sure, there were films that still made over $100 million at the box office, but that doesn’t mean that it was a good year. There were a lot of hyped-up flops such as Green Lantern, for example.

From what I understand, actors have been taking a pay cut, too. I know, I know, boo hoo. But that’s still got to be annoying when you’re used to making one amount and then it dramatically changes. Once again, from what I understand, actors make lower for a picture, but they still get a portion of the film’s profit’s. Not bad if you ask me, but if the movie doesn’t make a lot, then bye-bye money!

Wonder why movies charge so much? Because people aren’t going as often. (Also, piracy has something to do with it.) In Alabama, a night showing of a movie usually costs just under $10. (Not including 3D.) In other places like Hollywood, CA, it’s around $13 or $14. (That’s what I’ve read.)

Another thing that you’re probably wondering is why movies charge so dang much for concessions?! It’s because they don’t make money off of movie tickets. That money goes to the studios. The theater’s have to make money some where, so they charge a lot for food and drinks. I know this because I used to work at a theater.

With the economy being the way it is, most people not making enough, and the prices at the theater makes it to where people just don’t want to go to the theater. Hollywood has got to be feeling that loss.

We tend not to feel sorry for people in Hollywood because some of them are living in mansions and eating organic meals, but remember that there are so many people in that city that are working in the entertainment industry and are still struggling to get by. Not everyone can just waltz in and start making Steven Spielberg’s paycheck.

With the help and strength from God and by NEVER giving up, we’ll eventually pull ourselves out of this financial hole. I know that it seems like we’ll never get out of this, but we will. I just hope and pray that it’s soon!

Let me leave you with this, when you’re thinking of what you don’t have financially, try to remember that there’s someone with less that would love to have what you have. Sean and I are no where near rich, but we’re happy and very blessed. That’s what matters. God bless you all!



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