Wednesday, July 17, 2019

The Death of Hollywood and the Politics of Monopoly

Ever notice Hollywood doesn't make creative, adult-oriented films anymore? Sure, there are great. American films for grownups but they tend to be indie.

Wonder why?

Here is one answer by the great writer Matt Stoller:

"Both the Paramount Consent Decrees and the Fin-syn rules were designed to break creative industries into a three-tiered structure: production, distribution, and retailing. Producers were prohibited from vertically integrating into the traditional distribution business. That way, there are fewer conflicts of interest in the content business; producers had to create high quality work, and if they didn’t, distributors could choose to sell someone else’s art. Policy removed power as the mechanism of competition, and emphasized art."

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