Hooray for Hollywood: Stimulus package already working

February 15, 2009, 6:18 am · 0 comments

mad_money_movieEvery Saturday morning, the movie industry announces three day box offices results for a weekend that still has two days to go. That makes Hollywood the only business in the world that is able to both rewrite history and the future.

For example, a headline yesterday read, “What Recession? Biggest Presidents Day Weekend In Hollywood History.”

This uncanny ability to peer into the future brings up one very sticky question:
If movie industry executives have the ability to tell how a movie is going to do before it does it, why do they make so many movies that do so poorly?

“Although America is suffering through its worst economic downturn since the Great Depression,” an article at BigHollywood.com said, “there is no recession in the movie business. Led by the Warner Bros reboot of Friday the Thirteenth and a couple of surprisingly strong chick flicks, Hollywood’s top twelve grossing movies may grab a combined $195M over the long President’s Day weekend holiday, which marks an all-time best for the annual 4-day movie-going bonanza.”

Correct us if we’re wrong, but isn’t this the same movie industry that said it needed hundreds of millions of dollars in tax relief from President Obama’s “stimulus” bill.

We can only assume they knew on Saturday that they weren’t going to get the money on Monday.

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