Lynda Obst

Michael J. Lerner Barton Fink

As we all know, Hollywood is imploding. Steven Spielberg is on the case, millions of angry comment section responses to remake announcements are on the case, and now producer Lynda Obst is on the case. In an excerpt from her new book, “Sleepless in Hollywood,” Obst laboriously details her drive to former Fox CEO Peter Chernin‘s house while repeating the phrases New Abnormal and Old Abnormal until they seem clever. Okay, so I didn’t like the chapter, but it did feature at least two clear insights into the current production mindset of the major studios. The New Abby Someone, if you will. First: DVD sales numbers are the real killer. According to Chernin via Obst, “The historical studio business, if you put all the studios together, runs at about a ten percent profit margin. For every billion dollars in revenue, they make a hundred million dollars in profits. That’s the business, right? . . . The DVD business represented fifty percent of their profits. Fifty percent. The decline of that business means their entire profit could come down between forty and fifty percent for new movies.”

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