Comment by diegof79
3 months ago
The article briefly mentions “Hollywood greediness” as one of the possible explanations people give for the phenomenon and then switches to describe other factors.
However, this greediness to get more money from production is also reflected in risk aversion. Look it from the point of an investor: option 1 invests 10 million in a new sci-fi production with an exciting plot, and Option 2 invest 10 million in a franchise with a crappy plot. The chances of getting a more significant return from 2 are higher.
The same happens with music and other art forms.
That’s why it’s important to have incentives for local and indie productions. Many times, the critics of those incentives point out that they are biased and contrary to the “free market”. But I don’t see any other way to bring balance to the force.
Risk profiles change though. Option 1 was a better bet in the late 1970s and early '80s, when the Old Hollywood franchises had been thoroughly wrung out and demand was there for new experiences.