Hollywood's Reality: TV

Hollywood’s dirty secret? Television. Without the flow of revenue from TV, or without the sale of ads on cable, networks, and foreign TV, every major U.S. studio would go bankrupt. Time Warner is by far Hollywood’s largest movie producer, but while its PR people love to talk about its big successes—like the latest installment of Harry Potter—the movie business is only a sideline compared to TV.

   Last month over breakfast, a top executive, who had the real numbers, did the dismal math for me.

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