Hollywood DOOMSDAY | Disney CANCELS Theaters
Doomsday for Hollywood has come, and it came from one company. Disney essentially canceled theaters for the rest of 2020, and now the rest of Hollywood is following suit with the closing of 536 Regal Cinemas theaters in the United States. Shutting down one of the main streams of revenue. The news comes just days after the latest James Bond film, “No Time to Die,” was delayed until May 2021 — the latest blow to the movie industry as a second wave of coronavirus is also hitting Britain and many US states. This is only one among many of Tinsel Town’s troubles.
It was directed by D. W. Griffith of the Biograph Company (then based in New York City). The film is a melodrama about the Mexican era of California.
For years the first film thought to be shot in Hollywood was Cecil B. DeMille‘s feature film The Squaw Man (1914), which does hold the record of the first feature film made in Hollywood. The discovery of Griffith’s film made it the first movie of any length filmed in Hollywood.
“Disney’s relationship to camps, that you have to concentrate in, run by Winnie the Pooh.”
Showing the disconnect between the stock market and reality currently, Disney stock was barely affected by this news. Granted movies are not its only holding, but it is a good portion. One would think their stock would take a hit with the loss of a major revenue stream. Not so. However, their stock did tumble 2% upon Trumps announcement that he is rejecting the House Democrats’ Stimulus Proposal. Bare in mind that Disney is a component of the Dow Jones 30 Industrial Average, which dropped 1.3% during the last hour of trading. Just glad I don’t own any Boeing, a DJIA component, which led the decliners with a 6.8% loss and Apple running second with 2.9% loss today.
Boeing is moving all production for the 787 Dreamliner to South Carolina. Plan is to get of WA
Thanks, @Brian . Didn’t realize they wanted to move out of their “hometown”. Glad my college buddy took their early retirement package about 10 years ago. He was a structural engineer with them for over 30 years. He left before the 737 Max was developed.
Makes sense moving out of very progressive expensive states. SC will be the manufacturing hub for the US.