The Town with Matthew Belloni Hollywood’s Big Big Tech Problem
36 snips
Jun 20, 2024 
Professor Scott Galloway and host Matt discuss Hollywood's response to AI in entertainment, economic strategies in the streaming market, challenges in the industry, declining after parties, and predict box office success for 'The Bike Riders' film.
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Strike Fueled Netflix's Gain
- The writers' strike resulted in a wealth transfer from smaller streamers and writers to Netflix.
- Despite some gains, many writers ended up earning less due to being out of work for months during the strike.
Writers Strike Lacked Leverage
- The writers' guild strike lacked strategic leverage unlike the UAW's successful precision strikes.
- The strike caused financial harm to its members without yielding substantial gains.
Studios Must Fight AI Together
- Studios should band together to sue AI companies using their content without compensation.
- They must demand participation in revenues created from their intellectual property's AI usage.