These are all my points, cleaned up for readability with ChatGPT. ⸻
What you are seeing is the result of several converging cultural, business, and technological trends that could best be described as “death by postmodernism.”
Let’s break this down into film and television. (I’ll post television later.)
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FILM
1. The Death of the Mid-Budget Adult Movie
Script-driven, adult-focused studio pictures—like Tootsie or Pretty Woman—are pushed out of Hollywood’s business model. The rise of the international box office shifts focus to spectacle over story. Franchises and IP become king, as they are easier to export across cultures.
2. Industry Stratification
Theatrical film splits into four camps:
• Big studio franchise drivel
• “Boutique” prestige arms (Focus Features, Searchlight)
• Streamer-sponsored prestige knockoffs (Netflix, Amazon/MGM)
• “Gourmet indies” (A24, Neon)
The mid-budget commercial drama—once the backbone of Hollywood—is nowhere to be found.
3. The Studio Collapse
Poor leadership and corporate mismanagement leave Paramount, Sony, and Lionsgate trailing. Warner Bros. becomes a sinking ship. In practical terms, only Disney and Universal remain as major players.
4. Awards Irrelevance
With theaters split between “popcorn” and “art,” the Oscars lose cultural currency. The movies the public watches aren’t the ones the Academy celebrates.
5. The Awards Season Bubble
In response, the industry doubles down on Award Season—a three-month self-indulgent echo chamber. Obscure performances in barely-seen films (remember Brian Tyree Henry in Causeway?) are elevated as cultural milestones. Meanwhile, a bloated pre-Oscar circuit preordains winners, draining the ceremony of suspense.
6. The Death of the Movie Star
Without mid-budget vehicles or populist dramas, “movie stars” become irrelevant. IP is the draw. Actors are interchangeable. Star power—the ability to open a movie on name alone—fades into extinction.
7. The Death of the Magazine Cover
Print media collapses, taking with it the last great star-making platform. The Vanity Fair or Interview cover, once a cultural coronation, loses impact. Social media—chaotic, gatekeeper-free, and flattening—replaces it. The mystique is gone.
8. The Netflix Effect
Netflix throws its cash at prestige “packages,” gives them minimal theatrical runs, then dumps them onto streaming, where most people barely notice. It backs massive awards campaigns for films with no cultural resonance (*see: Emilia Pérez with 13 Oscar nominations) further degrading the Oscars’ relevance and the idea of film as shared culture.
9. The Collapse of the Theatrical Window
The once-sacred theatrical window—which gave movies time to build momentum, word-of-mouth, and cultural relevance—shrinks to a matter of weeks, or even days. Movies arrive in homes before they’ve had a chance to live in the public imagination. Theatergoing becomes irrelevant. By eliminating the things which gave movies cultural currency, people are easily distracted by other things - home being watching, YouTube, social media, video games.