The Hollywood Economist 2.0: Three “Massive Changes” and What the Digital Future Holds
The Hollywood Economist: The Hidden Financial Reality Behind the Movies is one of the best books on the business of film (some would say THE best). And earlier this year, author Edward Jay Epstein came out with an updated version of the 2010 original — The Hollywood Economist 2.0. Here’s his take on how the business has shifted in the eventful time between editions:
Hollywonk: What are the three biggest changes you’ve seen since you wrote the first edition of The Hollywood Economist?
Edward Jay Epstein: The three massive changes are:
1) The abandonment of the American adult audience in the major studios’ business plans.
Not only did most studios get rid of their “indie” units (eg. New line, Miramax, Paramount Vantage, Fox Atomic) but they no longer acquire them for distribution. Instead, they have concentrated their resources on movies for teens, children and the foreign audience, which mean movies long on visual effects and short on dialogue.
2) The huge expansion of broadband.
The Hollywood Economist: The Hidden Financial Reality Behind the Movies is one of the best books on the business of film (some would say THE best). And earlier this year, author Edward Jay Epstein came out with an updated version of the 2010 original —
