Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
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Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#2The economy goes from boom to bust, bust to boom, new technologies and ideas come, the novelty wears off and reality sets in (but the gems stick around!), so on and so forth. One thing that was unique this cycle was the extended period of near-zero interest rates in the rich world - this made the boom very big.
I’m not sure it’s “Silicon Valley” thinking other than as a euphemism for subsidizing losses in hopes of future profits. But now interest rates are up, money is expensive, and justifying investment when 5% return is guaranteed means you need to promise significantly over 5% return. Junk bonds are one thing but highly speculative investments like VC are less attractive.
It’s sad that Hollywood creatives are struggling but they were part of a bubble, just like tech and biotech. Will be a tough 2 to 7 years.
Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#3The economy goes from boom to bust, bust to boom, new technologies and ideas come, the novelty wears off and reality sets in (but the gems stick around!), so on and so forth. One thing that was unique this cycle was the extended period of near-zero interest rates in the rich world - this made the boom very big. I’m not sure it’s “Silicon Valley” thinking other than as a euphemism for subsidizing losses in hopes of fu…
>>The economy goes from boom to bust, bust to boom,
it does not have to. boom and bust is a direct result of fiat currency and manipulation of that currency by central banks
Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#4ha, it’s definitely techs fault, and absolutely not related to all the ways hollywood gets creative with accounting when it comes to paying residuals.
Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#5I support the strikes and hope it comes to a good conclusion; but this feels a touch forced, honestly. I get that it is in vogue to blame silicon valley, but hollywood has a littered history of killing their goose, as it were.
For fun, consider that if netflix had stuck to the DVD model, they could still be profitable. You don't need a special license to buy a dvd and rent it out to anyone. Just as you don't need a special license to loan or sell a dvd to a friend. You bought it and you can do that.
Now, if studios had their way, they would kill this. Hard. Indeed, they can refuse to sell dvds to companies that they think will then sell to anyone that is renting out in this way. They have tried that with redbox, from my quick google.
That is all to say, no, SV is not the root of the problem here. Atrocious licensing deals and ridiculously baroque rules around streaming/broadcast are far harder to comprehend than anything out of SV. Largely from the influence of hollywood...
Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#6The economy goes from boom to bust, bust to boom, new technologies and ideas come, the novelty wears off and reality sets in (but the gems stick around!), so on and so forth. One thing that was unique this cycle was the extended period of near-zero interest rates in the rich world - this made the boom very big. I’m not sure it’s “Silicon Valley” thinking other than as a euphemism for subsidizing losses in hopes of fu…
>>The economy goes from boom to bust, bust to boom, it does not have to. boom and bust is a direct result of fiat currency and manipulation of that currency by central banks
Currency is the lifeblood of the system known as a state, what exactly would you consider an alternative?
Surely you're not suggesting a gold standard would solve the issue?
Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#7Earlier quoted context omitted.
>>The economy goes from boom to bust, bust to boom, it does not have to. boom and bust is a direct result of fiat currency and manipulation of that currency by central banks
Currency is the lifeblood of the system known as a state, what exactly would you consider an alternative? Surely you're not suggesting a gold standard would solve the issue?
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Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#8The economy goes from boom to bust, bust to boom, new technologies and ideas come, the novelty wears off and reality sets in (but the gems stick around!), so on and so forth. One thing that was unique this cycle was the extended period of near-zero interest rates in the rich world - this made the boom very big. I’m not sure it’s “Silicon Valley” thinking other than as a euphemism for subsidizing losses in hopes of fu…
>>The economy goes from boom to bust, bust to boom, it does not have to. boom and bust is a direct result of fiat currency and manipulation of that currency by central banks
Fiat currency and the central banks were the direct result of the boom-bust cycle.
Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#9I continue to wonder how much studios are ACTUALLY hurt by this strike. The studios have reserves of money, they still get money from streaming existing content. And short term they can still release content that are in post-prod enough to release.
On the other hand, the public supports of the strike amounts to ... wanting new TV shows and movies. It's annoying for many I'm sure, but its not exactly something that keeps you alive.
Re: Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking
#10Earlier quoted context omitted.
>>The economy goes from boom to bust, bust to boom, it does not have to. boom and bust is a direct result of fiat currency and manipulation of that currency by central banks
Currency is the lifeblood of the system known as a state, what exactly would you consider an alternative? Surely you're not suggesting a gold standard would solve the issue?
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