American Wealth Disparity (Projects)
Posted by: Financial Planner on 25 Aug, 2011
The Smurfs movie, which opened earlier this month, was both one of the most critically panned movies in all of history, as well as one of the highest-earning movies of the summer, with an astronomically successful opening weekend. Due to the latter fact, a sequel has been slated – Smurfs 2 will be released by Sony in August of 2013.
When one takes the time to look at the finances behind this decision, it can seem almost impossible for most people to ponder the sums of money up for discussion. The movie cost $100 million to make, and earned $135 in less than a week’s time. For those struggling to make enough money to simultaneously pay bills and keep a family fed, the though of spending $100 million to make an animated feature-length film may seem downright disgusting.
It also brings to the foreground the incredibly disparity of wealth in our nation, and the almost ridiculous level of priority placed on the entertainment industry. In fairness, we feed into it, going to see movies despite the ever-rising cost of admission, and downloading songs by the dozen. One could even argue that our spending priorities have dictated the aforementioned priority granted to celebrities.
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