Ever since the detrimental Telecommunications Act, the world’s information sources have been owned by, what, five or six entities? It’s been the downfall of the press as we know it for over a decade. So if General Electric sells NBC/Universal to Time Warner (via Thompson on Hollywood), that’s lateral disaster. One more cat gets even fatter. The conglomerates hold sway. The apocalypse approaches.
I’m starting to buy into the old geezer mentality. Get a good seat. Grab the popcorn. Watch the doom and gloom unfold because that’s all we can do.
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2 responses to “End of days”
Universal Studios is one of the few major studios that makes original films (along with Paramount and Warner Brothers) and is probably the only studio that avoids making too many sequels.
But it is not surprising that the studio is struggling considering how hard it is for films without built-in audiences to succeed, and the ratings for NBC’s critically-acclaimed shows certainly don’t help matters.
This is truly depressing news if it isn’t a rumor.
I agree completely Kris.