4 ms·

I wish Silicon Valley knew who they were talking about before coming up with this "kill hollywood" nonsense. As if Hollywood is 7 guys with rich parents sitting

I wish Silicon Valley knew who they were talking about before coming up with this "kill hollywood" nonsense. As if Hollywood is 7 guys with rich parents sitting around waiting to be bought. Hollywood BOUGHT congress, I doubt Apple or MS can buy Hollywood. I really need to write a piece on this.

jedbrown 15y ago
Remarkably, Hollywood bought Congress while being a remarkably small part of the economy, both in terms of revenue (http://en.wikipedia.org/wiki/List_of_companies_by_revenue http://en.wikipedia.org/wiki/List_of_companies_by_revenue) and jobs (http://en.wikipedia.org/wiki/List_of_companies_by_employees http://en.wikipedia.org/wiki/List_of_companies_by_employees). These are global lists, but you'll notice that not even Disney makes either one. As an economic matter, why should Congress be more responsive to Disney, Time Warner, and Viacom than to, say, Kroger, which has more employees and revenue than the others combined? The MPAA is visible far more than it is important. As far as being for sale, publicly owned companies are always for sale.
- ChrisNorstrom 15y ago
  Hollywood does not report profits on many of their films. http://en.wikipedia.org/wiki/Hollywood_accounting http://en.wikipedia.org/wiki/Hollywood_accounting http://www.dailyfinance.com/2010/07/08/hollywood-applies-creative-accounting-to-harry-potter-movie/ http://www.dailyfinance.com/2010/07/08/hollywood-applies-cre... Google around and you'll find tons of articles on famous successful films that "never turned a profit". Star Wars, Harry Potter, Lord of the Rings do this as well. They use VERY creative accounting to mark up overhead costs and hide profits.
  - jedbrown 15y ago
    Look at revenue, not profit. The economy doesn't care how much the company profits, it cares how much the company is spending (on employees and other services).
waterlesscloud 15y ago
Indeed. If it were 7 guys sitting around, they may never sell at any price. But if it's a bunch of conglomerates, which it is, then with enough money anything is possible.

jedbrown 15y ago

Remarkably, Hollywood bought Congress while being a remarkably small part of the economy, both in terms of revenue (http://en.wikipedia.org/wiki/List_of_companies_by_revenue http://en.wikipedia.org/wiki/List_of_companies_by_revenue) and jobs (http://en.wikipedia.org/wiki/List_of_companies_by_employees http://en.wikipedia.org/wiki/List_of_companies_by_employees). These are global lists, but you'll notice that not even Disney makes either one. As an economic matter, why should Congress be more responsive to Disney, Time Warner, and Viacom than to, say, Kroger, which has more employees and revenue than the others combined? The MPAA is visible far more than it is important. As far as being for sale, publicly owned companies are always for sale.

ChrisNorstrom 15y ago
Hollywood does not report profits on many of their films. http://en.wikipedia.org/wiki/Hollywood_accounting http://en.wikipedia.org/wiki/Hollywood_accounting http://www.dailyfinance.com/2010/07/08/hollywood-applies-creative-accounting-to-harry-potter-movie/ http://www.dailyfinance.com/2010/07/08/hollywood-applies-cre... Google around and you'll find tons of articles on famous successful films that "never turned a profit". Star Wars, Harry Potter, Lord of the Rings do this as well. They use VERY creative accounting to mark up overhead costs and hide profits.
- jedbrown 15y ago
  Look at revenue, not profit. The economy doesn't care how much the company profits, it cares how much the company is spending (on employees and other services).

waterlesscloud 15y ago

Indeed. If it were 7 guys sitting around, they may never sell at any price. But if it's a bunch of conglomerates, which it is, then with enough money anything is possible.