Blaming piracy is just lazy, and I'm embarrassed for those execs. We're in the middle of a historic glut in entertainment options and there are only so many ho

Blaming piracy is just lazy, and I'm embarrassed for those execs. We're in the middle of a historic glut in entertainment options and there are only so many hours in a day to consume it all. Profits have collapsed over the past decade[1] as a result. > Professionally produced film and TV has more competition for attention than ever before. People spend more time (and money) on video games than they do on movies, and they spend more time watching YouTube than any other TV network. > This is fine for the business of culture since we’re all spending more time consuming media. But it’s bad news for the legacy players and for people who like to make traditional scripted programming. It’s harder to justify spending $200 million on a TV series when people can also watch a bunch of TikToks that cost nothing to make. [1] https://www.bloomberg.com/news/newsletters/2023-06-25/film-and-tv-profits-have-collapsed-over-the-last-decade https://www.bloomberg.com/news/newsletters/2023-06-25/film-a...