Channels with Peter Kafka Looking back, and ahead, with Bloomberg’s Lucas Shaw
Dec 18, 2024
Lucas Shaw, Bloomberg's astute media reporter, shares his insights on the year’s shifts in the media landscape. He discusses the impact of a potential TikTok ban and how platforms like YouTube might adapt. The conversation dives into Saudi Arabia's burgeoning film industry and the ethical complexities Hollywood faces there. Shaw also tackles the challenges legacy media companies encounter while evolving their strategies, as well as the uncertain future of ESPN's subscription model amid changing consumer habits.
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Middle Eastern Media Funding
- Lucas Shaw recently traveled to the Middle East to attend the Red Sea Film Festival.
- He observed a growing trend of media companies seeking funding from countries like Saudi Arabia, Qatar, and the UAE.
Red Sea Film Festival's Purpose
- The Red Sea Film Festival aims to elevate regional filmmakers while attracting Hollywood expertise.
- This strategy mirrors China's approach, which lessened their reliance on Hollywood.
Saudi Funding and Hollywood
- Despite past controversies, acceptance of Saudi funding in Hollywood is increasing, though concerns remain, especially regarding talent image.
- Securing financing for independent films and television has become incredibly challenging, pushing creators to consider these new funding sources.