The Academy Awards which were held Monday (28/3/2022) at The Dolby Theatre, Los Angeles, United States (US) marked the event as one of the best Hollywood acting awards.
However, recently the Hollywood industry is considered increasingly inferior to the massive development of film streaming services, to the progress of the Chinese and South Korean film industries which are growing extraordinarily fast.
CODA, which was chosen as Best Picture at the Oscars, is indeed enough to give the Hollywood industry fresh air. The film produced and released by Apple TV+ is the first film to win an Oscar and is not from a cinema.
Quoting from Motionpictures.org, US films throughout 2021 and then made US $ 21.3 billion. This figure is quite small when compared to before the COVID-19 outbreak, namely in 2019 (US$ 42.3 billion) and 2018 (US$ 41.8 billion).
At the same time, US film domestic revenue was only US$4.5 billion, this is the lowest revenue on record since 1992.
Hollywood film production in 2021 is indeed quite sluggish. This is shown by the number of films produced only 387, much lower than before the COVID-19 pandemic, which was 987 films.
Meanwhile, the South Korean film industry is growing rapidly. For example, Parasite, which won four Oscars in 2020. The same film also won the Academy Awards in the same year.
Not long after Parasite, the Squid Game series also broke into the world of cinema by setting a record for being the most-played series on Netflix. Hwang Dong-hyuk's film also won dozens of awards in 2021 and 2022.
Superhero films have recently dominated US blockbusters. Referring to Box Office Mojo data, the top 10 highest-grossing films of all time are occupied by Avatar and a row of superhero films produced by Marvel Studios such as Avengers. /voice.com
