The studios want to turn the business into a gig economy like Uber. The unions are alleging this. They say, of course, that they've made a $1 billion offer and you took apart was someone in pocket was taking apart the numbers. I don't actually agree with that because once this is all figured out, entertainment has proven itself over decades now to be a very profitable business. Once this period of transition figures itself out, we are going to likely see entertainment emerge just like music did as avery profitable business.
Hollywood is still shut down by its historic dual strike, but this weekend the industry saw its most explosive box office numbers of the year. So far, Barbie has made over 200 million domestically and Oppenheimer has surpassed 100 million. So are the movies back in business? Or is BarbenHeimer a cultural phenomenon that will be impossible to replicate?
Kara discusses this question with a panel that includes entertainment reporter Matthew Belloni, producer Franklin Leonard and communications expert Brooke Hammerling.
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