The Prof G Pod with Scott Galloway No Mercy / No Malice: Think Bigger
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Sep 30, 2023 The podcast dives into the aftermath of the WGA's agreement with AMPTP, questioning if they have misidentified Big Tech as their main enemy. It critiques the negotiations, pointing out the troubling decline in writers' pay despite claims of success. The discussion highlights the urgent need for a united strategy in the entertainment industry to protect intellectual property against the growing impact of technology and social media competition.
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WGA's 'Victory'
- The Writer's Guild of America (WGA) claims victory, but their gains are insignificant.
- After a five-month strike, the WGA secured a 5% pay bump, far less than the needed inflation adjustment.
Declining Media
- Traditional media companies face declining revenues and viewership.
- They increasingly rely on recycled content, indicating a lack of innovation.
Think Bigger
- The entertainment industry needs to think bigger and identify their true enemy: Big Tech.
- Focus on the bigger picture instead of small gains like a 6% pay bump.
