As the US dollar continues to be challenged as the world’s reserve currency many sacred US institutions are also being knocked from their perch. Hollywood and America’s huge intellectual property export market, one of America’s biggest exports after military hardware and state subsidized (read: communist) corn, will sink just like the US dollar.
In reference to PirateMyFilm, my new micro-payment indie film finance site, the effect of this site on Hollywood will be interesting. Anyone who’s been involved in the movie business in Los Angeles knows, the business adheres to a strict hierarchical model with the three main talent agencies at the top controlling the ‘A’ list stars whose bankability or ‘star power’ is monopolized to drive prices higher.
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