www.hollywoodreporter.com: Despite Hollywood’s big streaming era boom going bust, top industry creatives and execs gathered in Toronto at the Access Canada Summit presented by The Hollywood Reporter were urged to stay buckled in for a roller coaster ride that promises both challenges and opportunities in an increasingly worldwide business.
2 comments:
This article brought up key points that I was both aware and unaware of. First off, I had absolutely no idea that Canada was so embedded in the entertainment industry, at least in comparison to the US and Hollywood, though when reading this article, I have only come to a further conclusion that this really does not matter anymore. If Hollywood hasn't completely crumbled already, it will soon. And that something that I am thankful that the film industry is aware of, as that is the first step to being prepared to move forward, and successfully at that, Although this article is a call to action, it is only an opportunity for further innovation in the industry, and again that shows a lot of strength for the future of film. Some people going into the industry might see this and be afraid and questioning, but i think entering at this time is an amazing opportunity to problem solve and be at the forefront of something truly revolutionary in the film world.
Making a movie is a costly investment which leads many studios to take shortcuts to try and ensure a return on that investment. As this article states one of the biggest ways that studios try to ensure this return is by endlessly churning out sequels to franchises that they know audiences like rather than trying something new. But not all films need sequels, think of how few classic films it would make sense to make a sequel for. I hope that spreading out the investment of making a film between multiple companies, sometimes across multiple countries will allow companies to take more risks in making films and give themselves space to make something stand on its own. Not to mention involving more countries in the film making process allows them to bring their own perspectives and ideas to the films they help to produce. In my opinion a fresh perspective with new ideas is exactly what the film industry needs to get out of the doldrums that it has found itself in since Covid. The classics aren’t remembered because they took a well known formula and followed it exactly, they’re remembered because they innovated upon their formula and brought something new to the big screen. I believe that so few go to the movies now because they know almost exactly what to expect from the moment that they look at the genre of the film. A fresh perspective is exactly what the film industry needs to thrive.
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