Hollywood Reporter: Three weeks into 2016, Wall Street is calling it the worst start to a year ever, with the S&P 500 down 8.6 percent and more than $1.5 trillion in wealth wiped out as of Jan. 21. Among the industry’s seven major conglomerates, $32.95 billion in wealth has been destroyed this year. For media investors, $111.63 billion in wealth has been destroyed since the May 21 high. The year’s only gainer is Time Warner, courtesy of rumors the company is a takeover target.