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The Intelligence from The Economist

Show and sell: Amazon v Hollywood

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 6 September 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

The retail behemoth is splashing tremendous amounts of cash on streaming content; critics are unimpressed with the outcomes. But Amazon may have the best business model going. Statisticians in Britain appear to have found about 2% of GDP hiding in their data—we ask how it got lost (8:24). And how the pocket calculator ushered in the digital age (15:52).


For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer



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Transcript

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0:00.0

Hello and welcome to the Intelligence, from the Economist. I'm Jason Palma.

0:08.0

And I'm Bora Ogambi. Every weekday we provide a fresh perspective on the events shaping your world.

0:19.0

Before this week, if you looked at the post-pandemic recovery of the world's big economies,

0:24.0

Britain looked to be the week one, but statisticians just released some reworked numbers and it's not too bad.

0:31.0

We ask how the story changed so much.

0:36.0

And in the era of apps, there's something nostalgic about using a real pocket calculator.

0:43.0

We have a summing up of its origins and its history.

0:55.0

But first.

1:04.0

So the other day I was watching this show called Citadel on Amazon Prime.

1:09.0

Tom Wainwright is the economist, technology and media editor.

1:14.0

And it's this spy thriller starring Priyanka Chopra Jonas.

1:17.0

In the opening scene you've got this amazing fight that goes on on a high speed train as it goes through the Alps in Italy.

1:25.0

She's in a shootout with loads of other spies.

1:30.0

It's really exciting, but if you pause the show, there's something really interesting at least to video nerds like me.

1:36.0

It gives you the option to buy more or less anything that you see in the program.

1:40.0

So you can buy Priyanka's red dress, you can buy her red stilettos, her gold chain that she's wearing.

1:47.0

You can't get by the exploding perfume, but you can buy pretty much anything else in the program.

1:53.0

Citadel is reckoned to have cost Amazon about $300 million to make, which is really expensive.

1:58.0

That makes it about the second most expensive TV show in history after rings of power, which was another Amazon show.

2:05.0

But the reception wasn't great. The critics didn't love it. The ratings weren't fantastic.

2:10.0

But the interesting thing is it may be that Amazon can make a pretty good business out of video without necessarily going down all that well with either critics or even with audiences.

2:19.0

But Tom, isn't getting lots of viewers and good reviews a marker of success?

...

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