Lucas Shaw joins Matt to discuss Hollywood's struggle with YouTube and TikTok, whether young people should focus on social media instead of TV, Hollywood guilds' lack of unity against AI, the effectiveness of strikes, and a prediction on Stephen A. Smith's future.
Hollywood needs to adapt to digital platforms like TikTok and YouTube to stay relevant.
Hollywood should consider taking legal action against AI companies to protect intellectual property.
Effectiveness of industry strikes in entertainment sector needs further evaluation for balancing employee rights and industry sustainability.
Deep dives
The Shift to Digital Platforms in Entertainment
The podcast discusses how traditional Hollywood studios are overlooking the shift towards digital platforms like TikTok and YouTube. Despite the industry's awareness of this trend, they continue to focus on traditional metrics like box office success rather than adapting to the changing landscape where social media influencers capture significant attention.
Legal Action Against AI Companies
The episode explores Scott Galloway's suggestion of Hollywood studios taking a more aggressive stance against AI companies. The example of the music industry suing AI companies for copyright infringement is provided as a strategic move. The discussion delves into the potential benefits and challenges of such legal actions within the entertainment industry.
Evaluation of Entertainment Industry Strikes
The podcast reflects on the impact of the entertainment industry strikes, particularly questioning the effectiveness of the actors and writers' strikes. While acknowledging the intent behind the strikes, there is a nuanced assessment of the financial losses and strategic positioning of the unions during the labor disputes.
Bob Iger's Return to Disney
The return of Bob Iger to Disney and the implications of his decision are analyzed. The episode presents contrasting views on Iger's motivation to come back to the company, suggesting emotional attachment and a desire to navigate critical changes. The discussion also explores future prospects for Disney amidst industry shifts and consolidation.
Negotiations of Stephen A. Smith's Contract
The summary touches on the contract negotiations of ESPN commentator Stephen A. Smith. It evaluates the contrasting models of commentary between Smith and personalities like Pat McAfee. The analysis considers the potential impact of Smith's departure on ESPN and the evolving preferences in audience engagement within the sports media landscape.
Matt is joined by Bloomberg’s Lucas Shaw to discuss if Hollywood is struggling as much as the media says it is. They run through a slew of issues, including traditional Hollywood’s battle with YouTube and TikTok, whether young people should abandon careers in TV and film and instead focus on social media, why Hollywood guilds and studios aren't going after AI together while major music labels are suing AI companies, the efficacy of the strikes, and the current state of Disney (02:40). Matt finishes the show with a prediction about Stephen A. Smith’s future employment (24:54).
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