Blockbusted

“The high-stakes Writers Guild of America strike has focused attention on Hollywood’s labor unrest, but the really systemic issue is streaming’s busted math. There may be no problem more foundational than the way the system monetizes its biggest hits: It doesn’t.” NY Mag: The Binge Purge. Director Steven Soderbergh explains: “The entire industry has moved from a world of Newtonian economics into a world of quantum economics, where two things that seem to be in opposition can be true at the same time: You can have a massive hit on your platform, but it’s not actually doing anything to increase your platform’s revenue. It’s absolutely conceivable that the streaming subscription model is the crypto of the entertainment business.”