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Furthermore, the hosts criticize how Hollywood's reliance on intellectual properties (IPs) and remakes is driven by greed rather than genuine artistic innovation. Projects are often greenlit with little regard for whether they are needed or whether they can succeed genuinely, often leading to failures at the box office and a cascade of financial losses for studios.
Hollywood’s Box Office Woes and the Double-Edged Sword of IP
The discussion shifts to the top-grossing movies of 2023, revealing that many big-budget films heavily rely on established IP rather than original stories. Surprisingly, five of the top ten movies lost money despite massive popularity or franchise backing.
Key insights include: