Don't Cry for Hollywood

| No TrackBacks

From the Economist:

" Hollywood took 7% less at the box office in 2005 than in 2004 and growth in sales of DVDs has slowed. Internet video threatens the satellite and cable systems of companies such as News Corporation and Time Warner. Dozens of advertisers are shifting budgets from television to such places as the internet and billboards. Brand-owners hate it that people are using digital video recorders to avoid their pitches. And if media firms move on to the internet themselves, they risk losing their films and television programmes to pirates.

and

"Any media business has two products to sell: its content (to readers and viewers); and its audience (to advertisers). The task for old media is first to protect its advertising revenues by amassing audiences online and, second, to offset their viewers' intolerance of mass-advertising by making them pay more for content—which they are increasingly willing to do. It will not be easy, but then saving the heroine never was. "

Read the article >>

Hollywood has lost its imagination. The irony of it all - Michael Eisner gets his own show on creativity and innovation while the very company he helped destroy [Disney] is negotiating vigorously to acquire Pixar.

No TrackBacks

TrackBack URL: http://www.christiansarkar.com/cgi-bin/mt/mt-t.cgi/255

About this Entry

This page contains a single entry by Christian Sarkar published on January 20, 2006 2:56 AM.

Cartoon: The Hollow Men was the previous entry in this blog.

Stupidity 101: Newspapers and Freebies is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.