Is The Sky Actually Falling This Time?

No.

It's not a complicated answer.

COVID-19 isn't a fart in the wind, which is about what it takes to get media to start screeching about the end of this or the end of that part of the industry. But this isn't Armageddon either. Not even close. That is, unless it is literally Armageddon and most of us are about to die and some guy in a space vehicle is going to land and find that apes actually rule the planet. (Three years of Trump has been close enough, thanks.)

Every "stupid" journalist who has been drooling for a decade for everything to move to streaming while not remotely understanding the economics is dancing in their foyers (afraid to go out in the air for anything less than the quest for toilet paper), finally ready to be proven right. Ding, Dong, Theatrical is dead!

But this isn't 1969, kids. It's 2020. With the exception of the car wreck that is Viacom/CBS/Paramount, the major studios are all major corporations with multiple revenue streams, many of which are not reliant on peop…