Hollywood’s Blockbuster Crisis
On this episode of The Time of Monsters, Daniel Bessner discusses what corporate monopolies are doing to the dream factory.
The Nation Podcasts
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Hollywood’s Blockbuster Crisis | Time of Monsters with Jeet Heer
On this episode of The Time of Monsters, Jeet Heer and Daniel Bessner discuss what corporate monopolies are doing to the dream factory.
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People at a movie theater.
(Sean Gallup / Getty Images)The summer season has started with a fizzle for Hollywood, as expected hits like The Fall Guy, and Furioso have far underperformed their expectations. This isn’t a matter of a few films. Over the last few years, Hollywood is discovering that audiences are no longer reliably willing to buy tickets for the action adventure franchises that are the mainstay of the film industry. In particular, the once-dominant superhero genre is now fizzling. Adding to the troubles of Tinsel Town is the fact that streaming services, long touted as the future revenue model for the industry, are being squeezed by falling profits and rising interest rates.
Historian Daniel Bessner wrote a lengthy survey of Hollywood’s woes for the May issue of Harper’s Magazine. His account gives particular focus to political economy: the way government regulations and unions once made Hollywood a hospitable home for culture workers and how this has been undermined by the rise of private equity and monopolies. Daniel joins the podcast to talk about the movie industry and its discontents.
The Nation Podcasts
Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
The Age of Larry Summers and Jeffrey Epstein w/ Doug Henwood | The Time of Monsters with Jeet Heer
The famed economist Larry Summers, not for the first time, finds himself the center of a
scandal. He’s had to take a leave from Harvard, where he teaches, because of embarrassing
emails he had with his late friend Jeffrey Epstein.
I talked to economic journalist and Nation contributor Doug Henwood, a long-time Summers
watcher, about the career of this controversial and influential figure. Summers has been one of
the most influential policy makers of his era, serving as Treasury Secretary and President of
Harvard. He has also embodied the major intellectual and political limitations of the ruling class.
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