The Gateway Pundit Reports: "Americans are tired of woke Hollywood. The market value of studios and other Hollywood-associated companies declined from $1.35 trillion to $808 billion – a loss of $542 billion. This decline outpaced other sectors. Major studios, streamers, cable providers, and other media giants lost a combined $542 billion in market value in 2022, with left-wing studios the Walt Disney Co., Netflix, and Comcast accounting for the bulk of the bloodshed."

"Hollywood’s horrible year was the result of a one-two punch of a downturn in the streaming market coupled with consumers continuing to cut the cord by the millions. In addition, the advertising market has cratered as households cut spending as the costs of essentials like food and energy continue to skyrocket due to President Joe Biden’s (D) disastrous economic policies."