"Industry veterans and artists believe that Hollywood is facing the kind of crisis that can spark a revolution and argue that many of these new companies are emerging in order to capitalize on the tumult." All the companies named are rich private companies, at least one founded by a billionaire heir, and all moving into what they see as easy potentially easy pickings. History shows though that, if they are truly outsiders, as the article implies, they will lose their shirts or be gobbled up by the MPA and its subs. IMO, that's inevitable.
Amanda Toney As you are well aware the demise of the film business has long be overstated following every technological advancement. Disruption is inevitable, good for the industry, and always provides new opportunities and profits. The one constant is change.
My take is that Netflix and Skydance wouldn't be interested in Warner Bros. Discovery if they weren't highly confident in the future of the movie business. The demand for compelling entertainment will continue and expand exponentially imho. We seem to be out of the woods of the past few years with new deep pockets capital willing to invest in the creativity we offer.
2 people like this
"Industry veterans and artists believe that Hollywood is facing the kind of crisis that can spark a revolution and argue that many of these new companies are emerging in order to capitalize on the tumult." All the companies named are rich private companies, at least one founded by a billionaire heir, and all moving into what they see as easy potentially easy pickings. History shows though that, if they are truly outsiders, as the article implies, they will lose their shirts or be gobbled up by the MPA and its subs. IMO, that's inevitable.
1 person likes this
Amanda Toney As you are well aware the demise of the film business has long be overstated following every technological advancement. Disruption is inevitable, good for the industry, and always provides new opportunities and profits. The one constant is change.
My take is that Netflix and Skydance wouldn't be interested in Warner Bros. Discovery if they weren't highly confident in the future of the movie business. The demand for compelling entertainment will continue and expand exponentially imho. We seem to be out of the woods of the past few years with new deep pockets capital willing to invest in the creativity we offer.