Why are all movies remakes? Risk aversion in the media landscape
In the past few years or so, we have seen a dramatic increase in the production of remakes and sequels of beloved movies.
Imagine you watch a movie in your childhood – the multi-coloured, whirlwind of a story grips and leaves you equal parts satisfied and wanting for more. Some years later, when you’ve grown, developed new tastes, and favour new favourites, you hear that the studios have decided to remake that once-beloved film of yours. You’re excited as you gear up to revisit that time of your childhood. You get the tickets, you watch the movie, and studio houses add another figure to their empirical study. Soon, another remake is announced, but this one is met with slightly lesser enthusiasm. Then another, then another, and another, till all you can see is a movie off a TV show, a TV show off a movie, a movie which is a remake of a remake, or a sequel to a franchise dead and buried.
The word is…………………………………………
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