Why Hollywood Studios are Terrified

Key Takeaways

[Music] what YouTube has shown us and what streaming has shown us is that an hour and a half of your time can be taken up by something that cost five bucks or five hundred million dollars at the end of the day it's the same thing and that's what scares the [ __ ] out of the studio system because a guy like URI shooting this little podcast can maybe get 5 million which would be amazing but get 5 million viewers to watch it that's more that's mo more than most television shows mm-hmm and it cost 20 dollars to make yeah you know what I mean that's that's the difference yeah you're completely right time is time absorbing a consuming content is this if I consume a 300 million dollar piece of content or a three dollar piece of content it's still an hour and a half of my time the advertisers who want to get their eyeballs on them it's the same thing that's why YouTube these youtubers have so much power now because they realize they're like oh well if I'm gonna watch videos I can produce them for so little that the whole the whole world has changed right now in a way that um everyone's still trying to figure out because it's changing faster than anyone's figuring it out so the thing is to try to be a little bit ahead of the curve just a little bit of heavy the curve but when Netflix showed up that opened the door now Amazon threw their hat in the ring now who lose their now apples throwing their hat in the ring you know AT&T has their own channel everyone's got their own channels now so now we're I think there's 450 scripted shows going on right now that's insane a year that's insanity but look at all the all the opportunities are enough for filmmakers this has got to be a huge moment for content creators it is and it's not gonna get any less like it's not like we're gonna create less content in the future it's only gonna be more content but we are gonna get to a point I think that look when I was growing up the cartoons I had were what they were transformers were transformers GI Joes which he had chosen that was pretty much in you waited for Saturday morning and that was the my daughter's have instantaneous access to millions of hours of entertainment that they would be interested in millions of hours so what's gonna happen to their kids they're gonna have billions of hours of content because of the next 30 years how much content is gonna be created how many shows are gonna be created in and and some of it will go out of favor because of a oh that's all their technology and we'll watch up a lot of it we'll keep going