Part 6/13:
Hollywood’s cost accounting is notorious for being opaque. Companies often use complex bookkeeping to inflate assets and hide liabilities. This allows major studios to present a healthier financial picture while navigating increased debt and restructuring efforts. These tactics are part of a broader strategy to reinforce consolidations, either to fend off hostile takeovers or prepare for a sale.
The intent is clear: fewer companies controlling more content, platforms, and distribution channels. This, critics argue, leads to an "illusion of choice" for consumers. Most media outlets and streaming services are owned by just a handful of corporations, effectively limiting diversity in content and perspectives.