RKO Productions recently signed one of those working agreements with the Writer’s Guild. They then announced the formation of a subsidiary, Roseblood Movie Company, to remake eight low budget versions of RKO horror films of yesteryear. Now, Variety notes that those films are: I Walked With a Zombie, Bedlam, Body Snatcher, Five Came Back, Lady Scarface, While the City Sleeps, Monkey's Paw and The Seventh Victim. They will be churned out regularly over the next 2 years, with the first one to begin filming later this year.
Frankly, that's bad enough. But here's the real stink bomb in this particular toilet of doom. In an interview with RKO President Ted Hartley, he's quoted as saying, “The most successful ROI in the movie business comes from scary movies that get wide release and cost under $10 million.” That's "Return On Investment" for you non-business-jargon types. So, as usual, they're not looking to make a good film, they're looking to spend as little money as possible so they can make as much as possible.
Now, I know this is a business, and they're in it to make money. But this is also entertainment, and it's only going to ever be as good as you demand it to be. If they make money off of this kind of crap, then this is what they'll continue to make. Notice how few movies of, say, Citizen Kane quality get made anymore? For that matter, how many films have any real long-term standing anymore? Very few. know why? because the movie-going public continues to support crap. You've allowed the bar to fall, and supported that low bar by spending your cash (and way too much of it, I might add) going to see films that are, in the end, not worth it. You've continued lining the pockets of these industry fat-cats, who are laughing all the way to the bank.
Sadly, I expect hardly anyone to get what I'm saying here or have the drive to do something about it. You're too busy being happy with turning your brains off.