Part 7/10:
Furthermore, the potential acquisition of Warner Brothers’ content library could be a strategic move to compete more effectively with Netflix and Comcast, though such deals often come with their own set of complications, including the likelihood of even more layoffs and redundancies.
The Deteriorating Box Office Performance
Adding to the industry’s woes is the stark decline in box office revenues. According to the Hollywood Reporter, domestic box office earnings for October fell to approximately $425 million—its worst in nearly 27 years, excluding pandemic-affected periods like October 2020.