The Ghettoization of Hollywood?
Once again the movie industry is throwing itself a lavish party, one in a series of them, even though there is surprisingly little to celebrate. Movie attendance in 2011 hit a fifteen-year low, and while the industry isn’t doing as badly as its counterparts in the music industry, beneath the greasepaint and glamour, it is panicking every bit as badly.
There’s still plenty of money to be made, but the industry has the clear sense that it has lost its audience. And it has.