Stacy Summary: Wow, talk about neofeudalism. The red rope is the new moat and the red carpet is the drawbridge. Wonder if this will fall under the three strikes your out law? That would be comical to have gate crashing lifers.
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Stacy Summary: Sounds like part of the shift of wealth & power to BRIC and others.
The finances are in freefall, Gill said. In the wake of the financial meltdown, banks that had acted as the main funders of big- and middle-budget films have withdrawn their largesse, sucking $12bn (£7.4bn) out of the $18bn available to the top studios.
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As Hollywood crashes, the economic displacement will create huge opportunities. PMF will rise as Hollywood falls. Think if you went short Tokyo in 1989 when the Nikkei was at 40,000 – before it dropped to 8,000. Hollywood is an unconscionable copyright dictatorship that must be destroyed if we are to regain our creative independence.
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To add to the theme of deflation and the new frugality that is changing the way America shops and thinks I want to mention my new site beta.piratemyfilm.com; a creative way to finance media properties that lives outside the studios and their cosy banking relationships
One of the last monopolies in America – one that appears somewhat resistant to the deflationary pressures of the general economy is Hollywood.
Pirate Myfilm has the ability to disintermediate much of what adds costs to the films that make their way to theaters as such bloated behemoths. The talent agencies; WMA, CAA and ICM control the pricing of the talent and this in turn exerts control over production and distribution. But as the Internet creates ‘stars’ outside of the Hollywood system we see the emergence of a new entertainment industry. The only thing missing is a correspondingly creative way to finance media properties that also lives outside the studios and their extremely cosy banking relationships.
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