In a recent interview with NYU marketing professor and podcaster Scott Galloway, an outsider to the film industry shared some provocative insights about the “vanity industry” of being a filmmaker in Hollywood, an “industry in structural decline,” and why he thinks the Writers and Actors Unions did a terrible job with their recent strikes, achieving the opposite of what they intended. I’ve been listening to Scott Galloway’s insights on his podcasts Pivot and The Prof G Show for a while, and he is known to deliver thought-provoking sound bites about the economy, but usually not about the film industry. That was until I listened to the latest episode of “The Town” podcast by Matthew Belloni, in which he gave a scathing assessment of the situation Hollywood is in and how much, in his view, the unions did their members and the industry as a whole a disservice with their recent strikes. And I think he has a point. Hollywood’s Big Big Tech Problem – Scott Galloway on “The Town with Matthew Belloni” The entire episode is worth a listen: Why the strikes gave the studios the perfect excuse to cut costs Scott Galloway was critical of the writers’ and actors’ strikes, saying they lacked leverage and allowed the industry to reshape itself during the strike. He argues the strikes resulted in a transfer of wealth from union members and smaller streamers to Netflix. Galloway believes the gains made by unions (e.g., 5% wage increase, AI protections) were insignificant compared to...
Published By: CineD - Thursday, 11 July, 2024