FROM Jordan Levin
Hollywood Meets the Internet and Economic Reality Hollywood is waking up to technology and economics. Studios are becoming revolving doors for executives, and the standards for "green-lighting" new projects aren't what they used to be.
Hollywood Meets the Internet and Economic Reality With so much free content on-line, the business model for movies just doesn't work any more. Revenues from DVD's are declining fast, as is backing from wealthy "angels" with big money to spend. And this was a summer of box-office flops. Studios are becoming revolving doors for executives, and are basing productions on comic books, graphic novels, webisodes and video games that can be serialized and "branded" for easy marketing. "Specialty" projects aimed at adults are fewer and farther between. We see how the wide world of entertainment is changing.
Viacom Sues YouTube The Internet website YouTube is growing like mad. Last year's nine million monthly visitors skyrocketed to 133 million this year, and Google purchased YouTube for $1.65 billion. Surveys show that 100 million video clips are viewed on YouTube every day and they're not all amateur home movies. Big-time producers want their pieces of YouTube's action. Viacom -- which owns Comedy Central , MTV and Nickelodeon --says Jon Stewart , Stephen Colbert and SpongeBob SquarePants have been appearing on YouTube for free. So, Viacom has sued YouTube for a billion dollars in damages. Will innovation and creativity be delayed as the law catches up with technology? We get perspective from attorneys, media analysts and former network execs.
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.