HOLLYWOOD IN 2023
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Hollywood in 2023 faced challenges in transitioning from cable to streaming, with the box office struggling and late-night television experiencing an identity crisis. The industry is expected to see additional consolidations and a decrease in the number of wide release films in 2024. Streaming services may run out of time if they continue losing money, and TikTok could potentially rival Netflix. The competition among media conglomerates and streamers has led to a glut of content and a lack of quality control. Disney, in particular, has faced issues with superhero movies, theme parks, and Disney Plus. Late night television is considered a dying medium, with the younger generation no longer interested in staying up late to watch these shows. The rise of streaming platforms and online content has changed viewing habits. Adult Swim on Cartoon Network has become a popular late-night alternative, with shows like Aqua Teen Hunger Force and The Eric Andre Show gaining a cult following. The traditional late-night format, popularized by Johnny Carson, may never regain its former glory. However, there are still comedians and entertainers who want to revive the genre and bring their own unique spin to late-night television.
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