"The major media companies are significantly reducing their financial commitment to the motion picture sector"

In this quote, Peter Bart is highlighting a trend in the media industry where major companies are reducing their monetary investments in the motion picture sector. This could imply that these companies are allocating their resources towards other locations of the media, such as streaming services or tv. It could also recommend that the profitability of the movie sector is decreasing, leading these companies to cut back on their financial support. This shift in financial investment might have considerable implications for the movie industry, potentially impacting the production and distribution of movies. In general, Bart's statement highlights the changing landscape of the media market and the potential challenges that lie ahead for the movie sector.