Study: Lack of diversity in
Hollywood costs industry $10B
Posted By: Ribicon, 3/13/2021 12:46:09 AM
New York—For years, researchers have said a lack of diversity in Hollywood films doesn't just poorly reflect demographics, it's bad business. A new study by the consulting firm McKinsey & Company estimates just how much Hollywood is leaving on the table: $10 billion. The McKinsey report, released Thursday, analyzes how inequality shapes the industry and how much it ultimately costs its bottom line. The consulting firm deduced that the $148 billion film and TV industry loses $10 billion, or 7%, every year by undervaluing Black films, filmmakers and executives.(Snip) The BlackLight Collective, a coalition of Black executives and talent in the industry,
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There are so many homosexuals, mixed-race couples, minorities, unrealistically brave and empowered women, and soyboys, plus a toxic stew of vulgar radical leftist propaganda in the media that it's become unwatchable? On the contrary, according to a coalition of Black executives and talent in the industry, who say more People of Color need to be running the show, since we've valued according to our skills and not the color of our skin.