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Stock impact report

Hollywood is confused and angry about the new Oscar category. What even counts as a 'popular film'? [Los Angeles Times (CA)]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Hollywood is confused and angry about the new Oscar category. What even counts as a 'popular film'? The sudden creation of a separate Oscar for popular films hit the industry like a tsunami this week. Stunned Hollywood executives are sifting through the aftermath. The Academy of Motion Picture Arts and Sciences’ newly conjured category for outstanding achievement in popular film — which would stand independent from the venerable best picture award — is intended to save the annual ceremony from diminishing ratings. Analysts have blamed the declines on the academy’s tendency to overlook critically acclaimed blockbusters (“The Dark Knight,” “Wonder Woman”) in favor of more obscure art films such as “Moonlight” and “Call Me by Your Name.” But the Wednesday announcement came as a shock to the industry, including multiple academy members who said they were not consulted on the matter. Though a few show-business leaders expressed support for the idea, most reacted with befuddlement, and some Show less Read more
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