PHILADELPHIA, PA, August 22, 2013 /24-7PressRelease/
-- Jake Wand
has grown familiar with the many side of the entertainment industry, particularly as he has grown to seek out venture capital opportunities in both independent and documentary-style film and television projects. While Wand and many fans of the genres have argued that there are many great films under the typical "Hollywood cinema radar," past box-office performance has always supported the continued summer blockbuster trend--a season when big-budget, action-packed and star-studded titles hit the big screen to receive great fanfare. Although this approach may have won Hollywood a great profit in the past, a recent report from TIME suggests that may no longer be the case.
TIME reports, "Every summer brings with it an onslaught of action-heavy, special-effects-laden big-budget movies. But the summer of 2013 is different in that studios have gone over the top with an unusually large number of over-the-top productions, released in close proximity to each other. A condition that's been dubbed as 'summer blockbuster fatigue' as affected moviegoers, who aren't heading to the theaters more often just because there are more films out there that cost $100 million or $200 to make."
And while some may think that the loss is just a small one in the grand scheme of Hollywood, Jake Wand notes that the downward trend is certainly gaining attention. Specifically, TIME reveals, "The Hollywood Reporter declared the current season 'the most crowded summer in the history for tentpoles,' a.k.a. the expensive, widely released breed of film that is supposed to justify its huge budgets with huger profits at theaters. But because the field is so crowded--and perhaps because many these films just aren't that good--several expected summer blockbusters are shaping up as busts."
Jake Wand responds, "As a believer in entertainment and a believer that everything should come in moderation, this is simply a great example of how you can burn out your audiences. While it is unfortunate that these films are eventually boiled down to dollar amounts, it is important to take away that American audiences are seeking greater diversity in the films they can choose from this summer. While smaller in comparison, there have been some quiet projects that have gained attention this summer outside of this blockbuster genre, including The Bling Ring and The Canyons. Perhaps, Hollywood needs to learn to balance its offering to include more indie-style pictures and informative documentaries; bringing more diversity to the table could just boost the value of the summer blockbuster once again."
While this poor performance of action-packed summer blockbusters is likely to cause many entertainment industry professionals to question their abilities, Jake Wand notes it as an opportunity to bring more engaging films to screen that really respect the audience and what they want to see.
is an entrepreneur based in Denver, Colorado, where he remains dedicated to pursuing venture capital opportunities in the entertainment industry. While Wand is currently focused on developing independent film and television projects, he has also proven a viable contender in the music industry as an event promoter and owner of musical instrument retail stores. Apart from exploring the business side of creative arts, Jake Wand remains passionate about outdoor recreation, in particular that of freestyle skiing and motorcycle road racing.