Crystal Ball: Predictions for the Entertainment Industry in 2023

The crystal ball is bright and shiny because there's so much going on.

The business has been through a lot.

2020 was a year of crisis.

2021, a year of disruption.

2022, a year of transition.

2023 will be a year of reckoning across the board.

and requiring resilience in this ongoing recovery.

So we can go into seven categories together, looking back through the crystal ball, management, talent, production, distribution, exhibition, streaming, and other media.

So here are some management beats.

At Disney, Bob Iger returned as CEO.

And this creates a whole new hopeful direction for the future of Disney.

It's very, very bright.

And most outside the industry are interested in following Disney's progression.

But however, for all the studios, content costs remains a big hurdle.

Disney will be spending $33 billion on all content in 2023, mostly on streaming.

Warner Brothers Discovery will spend $27 billion on all content, including streaming and sports.

Netflix will spend $19 billion on streaming content.

Amazon, 14 billion.

So looking forward, the costs are unsustainable and they'll be going down.

Next, everyone will continue cutting personnel.

Warner Brothers Discovery, Paramount, Disney, but not as bad, however serious, not as bad as Meta

or

Twitter.

Warner Brothers Discovery at last decided on new rulers of Warner's DC Universe, writer-director James Gunn of Guardians of the Galaxy and Peacemaker, working alongside producer Peter Safran.

from the Conjuring franchise and also Peacemaker.