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The Town with Matthew Belloni
Does Big Tech Belong in Hollywood?
Nov 22, 2023
Peter Kafka, Vox senior correspondent and 'Recode Media' host, joins Matt to discuss the growing power of tech companies in Hollywood, including Apple and Amazon's place in the entertainment industry. They also explore the rise of advertising in streaming, YouTube's and TikTok's influence, big tech's foray into the media ecosystem, Elon Musk's impact on social media, and upcoming movies. Matt concludes the podcast with box office predictions for 'Wish' and 'Napoleon.'
32:28
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Quick takeaways
- Tech companies like Apple, Amazon, and Google are dominating the entertainment industry, raising concerns about their potential to disrupt and reshape the future of Hollywood.
- Streaming platforms like YouTube and TikTok are challenging traditional media companies and reshaping how people consume and create content.
Deep dives
The Tech Giants' View of Hollywood
Hollywood has become increasingly influenced and ruled by tech companies like Apple, Amazon, and Google, which now dominate entertainment. These companies, with their massive scale and financial resources, have the power to disrupt and shape the future of the industry. While entertainment is not the core business of these tech giants, they recognize its value and have made significant investments in original content and streaming services. This shift in power has raised concerns among traditional media players, as they fear the tech companies may eventually lose interest in Hollywood and divert their focus elsewhere, potentially causing a catastrophic impact.
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