> I think this is a symptom that the movie industry is on its way out, in much the same way as has happened to music.
If that were true, other movies studios would be in trouble: but look at Disney, who are doing gangbusters with Marvel and Lucasfilm. Warners are in this situation because they got complacent: they had one major cash cow (Harry Potter), and they failed to find other franchises that could offer equal returns - unlike Disney.