Instapundit links to a Breitbart article reporting data from the Financial Times (behind paywall). Breitbart writes:
The Dow Jones Media Titans index, which tracks the performance of 30 of the world’s biggest media companies, shed 40 percent this year, with its total market value declining from $1.35 trillion to $808 billion, according to a Financial Times report.
If you do the math, Hollywood lost a half trillion dollars in market capitalization. It is enough to give you a warm feeling; rich, ultra-woke media types taking a beating. It couldn’t happen to a more deserving bunch.
