Hollywood in crisis: Panic mode as jobs vanish… Memorial day boxoffice was so awful…

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After more than two decades in the industry, Keith Dunkerley still loves nothing more than working on a set. The 47-year-old director of photography and camera operator, who’s had consistent work since he moved to Los Angeles 23 years ago, said his is “the best job in the world.”

Since the writers’ and actors’ strikes last year and the slow restart of production, though, Dunkerley said his work opportunities look quite different than in past years: He has worked only 18 days during the first five months of 2024.

“People outside the business don’t understand this is not a factory,” Dunkerley said. “It’s not like, ‘OK, the strike’s over, go back to the factory, turn the lights on and get the machines going.’ A lot of us knew it’s going to take some time to ramp things up.”
While Dunkerley supported his family through savings and odd jobs as a handyman on TaskRabbit during the strikes, the sluggish rebound has been difficult for him. He’s recently made more than 60 calls to friends and industry contacts to look for prospects.

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What Dunkerley is experiencing is a part of the massive ripple effect of the WGA and SAG-AFTRA strikes that is still affecting tens of thousands of people working in entertainment and adjacent industries. Crew members, especially, have been hit hard.

www.msn.com/en-us/money/markets/ar-BB1nbkyS

Heading into Memorial Day weekend, it was already expected that the box office would see the lowest totals from this holiday since the turn of the century. The final results have fallen even below that.

The No. 1 film for this weekend, “Furiosa,” made just $32 million over the four-day period, making it the lowest No. 1 Memorial Day release since 1995, when the family film “Casper” opened to $22 million before inflation adjustment.

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Box office analysis company Nash Information Systems, operator of The Numbers, had projected a $160 million 4-day total prior to the start of the weekend. That would have been enough to make it the lowest Memorial Day weekend since at least 1999. But the final total has clocked in at $128 million, down 37% from last year and the lowest in 26 years.

This dramatic a low could suggest a real tipping point for the theatrical movie business. What are the implications for the future of a theatrical business when Memorial Day, with well-reviewed movies, hit a 26-year low? And having chosen to embrace streaming while producing movies for theaters, what changes might studios need to make to adjust to the new reality?

www.thewrap.com/why-furiosa-memorial-day-box-office-was-bad/

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