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by qp11 998 days ago
Fundamental problem is oversupply of content. Information Overload leading to Attention Theft games.

Its like the Chinese real estate market where more houses have been built than people available. Same story with content and eyeballs available.

Its an extremely unstable demand-supply equation. And it will break down until new ideas about the supply side emerge.

2 comments

If using AI suddenly means that writers can instantly produce billions of acceptable scripts, the problem will just shift to selecting the good ones from the garbage. I'm not that confident in AI's ability to produce quality writing.
I think this is true, and nothing to do with AI. Netflix bought Big Tech money to hollywood and made it rain. Then all the traditionally media companies followed, creating a bidding war for content. It's probably not popular to say, but the last 5 years have probably been a golden age for hollywood, and some people like Shonda Rhymes have made out like bandits, some people like Megan Markle have literally robbed Netflix blind. But it's all going the other way now, and that's going to be massive downward pressure on the industry, at best AI is a good way of protecting Disney's stock price.