Posted
10:08 AM
by Gene
Despite the bigbigBIGBIG summer, Hollywood still needs a shrink:" 'Miami Vice' is symptomatic of a malaise in the industry," said independent media analyst Harold Vogel.
"The industry is undergoing a transition in terms of business models. For the first time in many years, they are encountering strong head winds against whatever they throw up against the screen."And we know why: he could mean that LITERALLY.
Studio economics have gone from bad to worse since General Electric entered the movie business three years ago. GE bought Universal at a time when DVD sales were near their peak. But growth has flattened as consumers fill out their home libraries.
"It's a different world than it was three years ago," Vogel said.Little JEF-fy! Look BEHIND you!