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.
Political appointments and the reshaping of the judiciary President Trump has the chance for a long-term impact -- not just on the US Supreme Court, but on the entire federal court system. And his nominees are likely to get the support of a massive spending campaign by donors who don't have to reveal their names. Can President Trump "pack" the federal court system?
America's top diplomat faces challenges in Asia Whatever happened to America's "pivot to Asia?" That's just one of the questions left hanging since Rex Tillerson's first trip there as Secretary of State. Is the Trump Administration hoping to change Foreign Policy or maintain the status quo?