Louis Adorno’s Post

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Writer | Director

This incredible article in Harper's Magazine details the long-game squeeze placed on writers, not by AI or some new technological threat, but the American film industry's evolution from creative machine to corporate asset. A few standout quotes: "It used to be there were these big, crusty, old legacy companies that had a longer-term view, that could absorb losses, and could take risks. But now everything is driven by quarterly results. The only thing that matters is the next board meeting. You don’t make any decisions that have long-term benefits." "Today the Big Three asset-management firms hold the largest stakes in most rival companies in media and entertainment. As of the end of last year, Vanguard, for example, owned the largest stake in Disney, Netflix, Comcast, Apple, and Warner Bros. Discovery. It holds a substantial share of Amazon and Paramount Global." "Will there be as big a working television-writer cohort that is making six figures a year consistently living in Los Angeles as there was from 1992 to 2021? No. That’s never going to come back."

The Life and Death of Hollywood,

The Life and Death of Hollywood,

https://harpers.org

Vinnie Langdon III

American Film Actor & Filmmaker

2mo

Hope all is well! Maybe we'll see you June 15th for 3rd Annual Film Festival same place, same time! :)

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