On May 15th, The New York Times published an article about a movie industry worried over how summer would go without the usual glut of sequels. The article bothered me in so many ways I had trouble articulating a response, but back then I wrote, "How is this news? It's prognostication. It's a vague economic hand-wringing over something that hasn't occurred."

Now that some of it has occurred, how are their worries...