The 20th Century was all about big giant businesses, with a Vatican-like hierarchy. The movie and TV business was no exception.
How is it that the entertainment industry, be it in Hollywood or Paris or Bollywood, always seems to get special treatment?
My theory is that politicians just like getting invited to parties with movie stars.
We have incredibly restrictive copyright laws in this country. Big media companies have made the media marketplace worse for the public with these laws and may have even worked against their own interests by lobbying for overly restrictive copyrights according to a new study.
Hollywood crony deals seem to fail like Madonna movies.
There are very good arguments, both for and against copyright. Our founders thought that such rights were vital to encourage innovation and creative exploration.
Copyright laws in this country are absurd and amount to little more than givaways to the entertainment industry.
Movie goers get dinner and a show.
Dreamworks makes pretty good movies, at least Steven Spielberg does and he is part of Dreamworks. The problem is people want to see them less and less these days. As such the studio has money problems.
Spielberg’s production company is actually now part of Reliance Entertainment, out of India. And despite losing money on movie after movie over the last few years Reliance continues to let Dreamworks spend spend spend.
Disruptive technologies are just that – disruptive. Cars killed the buggy whip companies. But some of those companies probably started making auto accessories. I’ll bet even a few of them thrived. Change happens.
The point is disruption is a natural thing and one of the most important parts of a market economy. New technologies rise, and with them new leaders and new wealth, only to be replaced by newer technologies and newer leaders after that. The firms that can negotiate the transitions become legends. Those which do not become footnotes, for the most part.
American history is full of efforts by industry to protect itself from change, but dynamism in the economy need not be feared. With dynamism comes opportunity. The Motion Picture Association of America should remember this. The industry may have to change, sorry about that.
I wonder what the vaudeville lobby thought of movies back in the day? George Burns made it in both media. The geniuses in Hollywood should have no problem.