Summer Box Office Slump: Lack of Blockbusters and Declining Audience InterestA recent report by Maoyan Research, "2024 Summer Film Data Insights," reveals that the 2024 summer box office experienced a significant downturn, plummeting 44% year-on-year. Total audience attendance also halved, with the scarcity of blockbuster films being the primary factor for the market slump...

Hollywood Giant Paramount Announces 2,000 Job Cuts Amid Declining Cable TV Ratings, But Streaming Business Remains ProfitableFacing the stark reality of declining cable TV viewership, Hollywood entertainment giant Paramount Global announced a major layoff plan, cutting approximately 2,000 jobs across its US operations. This move aims to reduce operating costs and prepare for its upcoming merger with independent film studio Skydance Media...