Sony writes off $1 billion on its movie business, and Nick Bilton shows us why Hollywood is already over.

A few months ago, the vision of Hollywood's economic future came into terrifyingly full and rare clarity. I was standing on the set of a relatively small production, in Burbank, just north of Los Angeles, talking to a screenwriter about how inefficient the film-and-TV business appeared to have become. Before us, after all, stood some 200 members of the crew, who were milling about in various capacities, checking on lighting or setting up tents, but mainly futzing with their smartphones, passing time, or nibbling on snacks from the craft-service tents. When I commented to the screenwriter that such a scene might give a Silicon Valley venture capitalist a stroke on account of the apparent unused labor and excessive cost involved in staging such a production--which itself was statistically uncertain of success--he merely laughed and rolled his eyes. "You have no idea," he told me.

When I was in college I went to the theater 3-4 times per week. But now, the last time I went to the movies was to see "The Force Awakens", over a year ago. I intend to see "Rogue One", but haven't connected the dots yet.

Killer app for theaters? On-site babysitting.

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