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Well, economics has something called “revealed preferences”. Despite your opinions, most people do prefer media from the juggernauts based on where they spend
by scarface74 4y ago
Well, economics has something called “revealed preferences”. Despite your opinions, most people do prefer media from the juggernauts based on where they spend their money.
Based on where people spend their money, your preferences are in the minority.
- nvrspyx 4y agoIs it that they prefer media from juggernauts or that they're more likely to know of media from juggernauts? Juggernauts are able to put their movies in theaters or cable/streaming television, put trailers in front of other movies or tv shows, take out billboards, etc. Juggernauts are able to market the hell out of their products, while most little guys don't have that opportunity. I imagine that this also has a lasting effect. For example, juggernauts are more likely to have a streaming service trying to pick up their media while also putting that media ahead of little guy's media in that streaming service's recommendations. I'd also guess that over time the probability of organically finding little guy's media drops at a significantly faster rate than juggernaut's media .
- scarface74 4y agoWell, we have studios like Blumhouse that create low budget movies that do get a lot of press, have trailers, get plenty of promotion etc. They do well on an ROI basis. But they don’t top the box office.
- nvrspyx 4y agoSince 2014, all of Blumhouse's movies are owned, distributed, and co-produced by Universal Studios. Well, except for their BH Tilt division, which is partnered with Neon for co-production and distribution. Their most notable low-budget film that kickstarted their rise was Paranormal Activity, which was straight up acquired by Paramount Pictures for an actual theatrical release. Blumhouse wouldn't be where they are without the juggernaut's purposefully propping them up.
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- sudosysgen 4y agoPeople spend their attention here, not their money. YouTube alone has far more watch-time than cinemas or Netflixes.
- scarface74 4y agoBut how many people are willing to pay $15 to watch 2 hours of YouTube videos? How many paying subscribers does YouTube have compared to Netflix?
- sudosysgen 4y agoIt's because there is no reason to pay for something you can get for free. The YouTube premium value proposition is different.