MORGAN STANLEY: The 'desperation level in Hollywood' has reached new highs

Film studio profits have been suffering in recent years, and the "desperation level in Hollywood" has reached new highs, according to a new research note from Morgan Stanley. 
Hard times and thin margins could result in a major push toward a service called "premium video on demand" — streaming newly released movies at home for a higher fee in lieu of visiting the cinema — that may boost profits at studios but would likely harm movie theater operators, accordi