It’s about time that tech companies go in and clean up Hollywood. There needs to be a year of efficiency imposed on these spendthrifts. The Hollywood elite needs to be held accountable, if they are not delivering ROI and maximizing shareholder value.
It should not cost so much for a TV show or movie. YouTubers with more views are producing hit after hit with nothing more than an iPhone these days. Directors should streamline their operations with AI, and on-screen talent and team members should be paid an hourly wage that is only time they are actually in front of a camera, delivering value. If they really believe in a project, they can choose to give up cash compensation for the privilege of purchasing options of a TV show. This helps align incentives and optimize risk to capital and stakeholders to do more and deliver faster with less.
Amazon and others should think about relocating production to areas outside of California where the costs are out of control and in a locale where the regulatory environment is optimized for business returns. TV shows and movies need to be evaluated on a quarterly basis and KPI’s should be enforced at all levels. To minimize risk, investment into AI that can be trained to emulate consumer watching behavior is needed and production should be run in a data-driven agile process.
If a show can’t be monetized, it isn’t worth being produced. Entertainment needs to be in the service of moving ad inventory, growing or retaining paying subscribers, or improving conversion of existing profit centers.
Wow, this is really on the line, I can't quite tell if you're being sarcastic or not.
For the sake of it not being sarcasm; obviously it's my belief that not everything (especially entertainment of all things) should be seen through the lens of purely making money. I am quite sure there are dozens and dozens of people who will disagree with me -- but it's always been my belief that Art that covers it's own costs and leaves its mark on humanity and history is a much greater success than making money hand-over-fist.
The game industry is really straddling the line with this and has been for quite a substantial amount of time, it's a war between MBAs and creatives, though even Sony recognises the need for creative freedom and does not expect a substantial profit on their games. (though I suppose their incentives are different, great games boost sales of the consoles which gives them greater market share)
It should not cost so much for a TV show or movie. YouTubers with more views are producing hit after hit with nothing more than an iPhone these days. Directors should streamline their operations with AI, and on-screen talent and team members should be paid an hourly wage that is only time they are actually in front of a camera, delivering value. If they really believe in a project, they can choose to give up cash compensation for the privilege of purchasing options of a TV show. This helps align incentives and optimize risk to capital and stakeholders to do more and deliver faster with less.
Amazon and others should think about relocating production to areas outside of California where the costs are out of control and in a locale where the regulatory environment is optimized for business returns. TV shows and movies need to be evaluated on a quarterly basis and KPI’s should be enforced at all levels. To minimize risk, investment into AI that can be trained to emulate consumer watching behavior is needed and production should be run in a data-driven agile process.
If a show can’t be monetized, it isn’t worth being produced. Entertainment needs to be in the service of moving ad inventory, growing or retaining paying subscribers, or improving conversion of existing profit centers.