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The Town with Matthew Belloni

It’s Time to Break Up Hollywood

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3847 Ratings

🗓️ 22 June 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

Matt is joined by Matt Stoller, the research director for the American Economic Liberties Project and the writer of the monopoly-focused newsletter 'Big,' to discuss the evolution of Hollywood’s markets, how vertical integration has poisoned the industry, and why we need to de-consolidate the studio streamers to rescue the entertainment business. Matt finishes the show by giving a box office opening weekend prediction for the upcoming comedy ‘No Hard Feelings,’ starring Jennifer Lawrence. For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ click here. Email us your thoughts! [email protected] Host: Matt Belloni Guest: Matt Stoller Producers: Craig Horlbeck and Jessie Lopez Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:06.7

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0:59.3

Bachelor life varies with you switching settings.

1:02.7

It is Thursday, June 22nd.

1:05.7

There's a lot of reasons the Hollywood writers are on strike, but if you pan back, back, back,

1:10.0

and take a big picture

1:11.1

view of what's going on, the writers' issues stem in many ways from the consolidation of power

1:15.9

and entertainment. A few companies in streaming and the vertical integration of those companies,

1:21.1

meaning they control production and distribution of content, and all the changes that that power

1:26.2

has enabled. It might surprise some younger listeners, but there was a time not that long ago

1:31.1

where the outlets that aired TV shows weren't allowed to own those shows.

1:36.1

It was called the Financial Interest in Syndication Rules, or FinCin, which were enacted in 1970,

1:41.9

and they enabled some of the greatest wealth creation in the history of Hollywood.

1:45.7

Norman Lear, Aaron Spelling. Tom Werner got so rich off the Cosby Show and Roseanne that he bought the Boston Red Sox.

...

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