3 ms·
> That’s because Hollywood makes movies, not videogames Not true. Most media conglomerates own both video game and movie production. The big players like Disne
by alephnerd 8mo ago
> That’s because Hollywood makes movies, not videogames
Not true. Most media conglomerates own both video game and movie production. The big players like Disney, Sony, Comcast, Universal, etc all have ownership stakes in video game companies and most TMT funds invest in both as a same bucket.
- blell 8mo agoYes. Those conglomerates also do TV. But Hollywood makes movies, and not talk shows. Many of those conglomerates also have internet access businesses. But Hollywood doesn’t lay fibre.
- alephnerd 8mo ago"Hollywood" is a metonym/catch-all term for the media industry just like how "Silicon Valley" is for the tech industry and "Wall Street" is for finance.
- closewith 8mo agoSilicon Valley is a not a catch-all term for tech?
- dredmorbius 8mo agoMetonym & Toponym <https://en.wikipedia.org/wiki/Metonymy https://en.wikipedia.org/wiki/Metonymy> <https://en.wikipedia.org/wiki/Toponymy https://en.wikipedia.org/wiki/Toponymy>. "Silicon Valley": As more high-tech companies were established across San Jose and the Santa Clara Valley, and then north towards the Bay Area's two other major cities, San Francisco and Oakland, the term "Silicon Valley" came to have two definitions: a narrower geographic one, referring to Santa Clara County and southeastern San Mateo County, and a metonymical definition referring to high-tech businesses in the entire Bay Area.[citation needed] The name also became a global synonym for leading high-tech research and enterprises, and thus inspired similarly named locations, as well as research parks and technology centers with comparable structures all around the world. <https://en.wikipedia.org/wiki/Silicon_Valley https://en.wikipedia.org/wiki/Silicon_Valley>
- Jensson 8mo agoYou know there is a tech industry outside of the bay area?
- dredmorbius 8mo agoThe name also became a global synonym for leading high-tech research and enterprises... <https://news.ycombinator.com/item?id=47390344 https://news.ycombinator.com/item?id=47390344> (Emphasis added.)