Storytelling
Why has television surpassed film as the most important form of motion picture media? Maybe because shows like Mad Men tell interesting stories while the 14th sequel to a superhero movie might sell tickets in China but is culturally irrelevant over the long-term. And while I don’t doubt that TV being free after subscription and pirating are issues, the real problem for Hollywood is that they don’t tell interesting stories anymore, preferring to rely on CGI and tricks to get 15 year old boys to spend money, while adults can watch Mad Men or Girls or The Wire or whatever.
But hey, I’m sure having Seth MacFarlane host the Oscars will make a huge difference and put film back on top. Clearly Hollywood studio executives have identified the problem correctly…..