Entertainment
Sponsored by

Interesting comment by Matt Damon on state of movie industry

2,324 Views | 17 Replies | Last: 3 yr ago by jackie childs
BadMoonRisin
How long do you want to ignore this user?
AG
Interview with Sean Evans on hot ones on why "they dont make 'em like they used to!"



Does anyone else relate to this? I definitely feel this way.

Tl;dr they are riskier from an investment standpoint because you dont have DVD sales.

The clip should start where they start talking about it and you just need to watch about 90 seconds of it.

Im interested in how all the financials work for going straight to streaming (Hulu, netflix, Paramount+, HBOMAX) with limited theater runs. I think that's where we might find all the hidden gems that we used to see, e.g. Good Will Hunting, What's Eating Gilbert Grape, etc -- and only the mega summer blockbusters and high budget animated films will open with wide releases.
Mega Lops
How long do you want to ignore this user?
AG
Cliff notes
Quad Dog
How long do you want to ignore this user?
AG
We are seeing this play out right now with Discovery gutting content out of HBO Max, mainly baecasue they don't want to pay residuals to the creators.
Then they hope they can license the content to another streaming service to make back money.
https://variety.com/2022/tv/news/hbo-max-originals-removed-1235344286/
Sponge
How long do you want to ignore this user?
AG
Definitely Not A Cop
How long do you want to ignore this user?
AG
It's no different than any other media form.

Step 1. New media form is created (painting, photography, music, whatever)

Step 2. People master the media and charge exorbitant amounts for their product. Tools to make media are limited, barring outside competition.

Step 3. People begin mass producing tools needed to make media. Barriers to entry are lowered. More competition arises.

Step 4. Market becomes saturated, and outside of a few masters, the percentage of people in the industry able to make a living doing this as a career begins to drop (even though the total number of people making a living off the media is drastically higher than it used to be). Most people begin pursuing it purely as a hobby, or start a career in manufacturing the equipment to hobbyists.

Step 5. Technology continues to advance, where most media in the field can be viewed either for free or for a low cost subscription service (museums, Netflix, etc.)

Step F. Newer media form is created that replaces the intent of the old one, newer talent migrates there because you can actually make a living and name for yourself doing it.

Rinse and repeat.
Rocagnante
How long do you want to ignore this user?
AG
Definitely Not A Cop said:

It's no different than any other media form.

Step 1. New media form is created (painting, photography, music, whatever)

Step 2. People master the media and charge exorbitant amounts for their product. Tools to make media are limited, barring outside competition.

Step 3. People begin mass producing tools needed to make media. Barriers to entry are lowered. More competition arises.

Step 4. Market becomes saturated, and outside of a few masters, the percentage of people in the industry able to make a living doing this as a career begins to drop (even though the total number of people making a living off the media is drastically higher than it used to be). Most people begin pursuing it purely as a hobby, or start a career in manufacturing the equipment to hobbyists.

Step 4. Technology continues to advance, where most media in the field can be viewed either for free or for a low cost subscription service (museums, Netflix, etc.)

Step 5. Newer media form is created that replaces the intent of the old one, newer talent migrates there because you can actually make a living and name for yourself doing it.

Rinse and repeat.


What about counting?
Panama Red
How long do you want to ignore this user?
AG
What doe he have to say about Crypto?
Definitely Not A Cop
How long do you want to ignore this user?
AG
Rocagnante said:

Definitely Not A Cop said:

It's no different than any other media form.

Step 1. New media form is created (painting, photography, music, whatever)

Step 2. People master the media and charge exorbitant amounts for their product. Tools to make media are limited, barring outside competition.

Step 3. People begin mass producing tools needed to make media. Barriers to entry are lowered. More competition arises.

Step 4. Market becomes saturated, and outside of a few masters, the percentage of people in the industry able to make a living doing this as a career begins to drop (even though the total number of people making a living off the media is drastically higher than it used to be). Most people begin pursuing it purely as a hobby, or start a career in manufacturing the equipment to hobbyists.

Step 4. Technology continues to advance, where most media in the field can be viewed either for free or for a low cost subscription service (museums, Netflix, etc.)

Step 5. Newer media form is created that replaces the intent of the old one, newer talent migrates there because you can actually make a living and name for yourself doing it.

Rinse and repeat.


What about counting?


4 more edits and I'm sure I could have nailed it.
Rocagnante
How long do you want to ignore this user?
AG
Definitely Not A Cop said:

It's no different than any other media form.

Step 1. New media form is created (painting, photography, music, whatever)

Step 2. People master the media and charge exorbitant amounts for their product. Tools to make media are limited, barring outside competition.

Step 3. People begin mass producing tools needed to make media. Barriers to entry are lowered. More competition arises.

Step 4. Market becomes saturated, and outside of a few masters, the percentage of people in the industry able to make a living doing this as a career begins to drop (even though the total number of people making a living off the media is drastically higher than it used to be). Most people begin pursuing it purely as a hobby, or start a career in manufacturing the equipment to hobbyists.

Step 5. Technology continues to advance, where most media in the field can be viewed either for free or for a low cost subscription service (museums, Netflix, etc.)

Step F. Newer media form is created that replaces the intent of the old one, newer talent migrates there because you can actually make a living and name for yourself doing it.

Rinse and repeat.


Wow
The Porkchop Express
How long do you want to ignore this user?
AG
Most movies today seem like they are made from an algorithm. Star 1 + Star 2 + something that everyone can relate to = Netflix movie. Mention a topic that is on Twitter but don't take too much of an opinion on it. Streaming has ruined a lot of creativity in the same way that the Spotify and Sirius XM have hurt artists' ability to really push the boundaries while staying relevant.

But at the same time, every artist has to consider - am I doing this to get rich or am I doing it for the art? They don't always go hand and hand. So if Matt Damon or any other artists has a project that they really want to do, you don't have to go one of the big film companies to get it made. Do it independently or figure out how to make the $50 million movie for $5 million and do it for the pride not for the payday.
Urban Ag
How long do you want to ignore this user?
AG
The Porkchop Express said:

Most movies today seem like they are made from an algorithm. Star 1 + Star 2 + something that everyone can relate to = Netflix movie. Mention a topic that is on Twitter but don't take too much of an opinion on it. Streaming has ruined a lot of creativity in the same way that the Spotify and Sirius XM have hurt artists' ability to really push the boundaries while staying relevant.

But at the same time, every artist has to consider - am I doing this to get rich or am I doing it for the art? They don't always go hand and hand. So if Matt Damon or any other artists has a project that they really want to do, you don't have to go one of the big film companies to get it made. Do it independently or figure out how to make the $50 million movie for $5 million and do it for the pride not for the payday.
JoJo Rabbit

Budget: $14M
Box Office: $90.3M

Couldn't agree with your sentiment more. Doesn't mean I won't watch some of the silly Netflix stuff or I'll pan all the blockbuster budget films. Just think there remains a big market for original, new, outside the box, content. Who would have thought a movie about a 10 year old with Hitler as his imaginary friend could be one of the best films of the last decade?

BadMoonRisin
How long do you want to ignore this user?
AG
Good point, and it reminds me of watching that documentary The Last Blockbuster that the premise of having a video rental store was predicated on the fact that studios were selling VHS tapes for over $100 each, so buying them for personal use was impractical and prohibitive.
Definitely Not A Cop
How long do you want to ignore this user?
AG
Yeah I mean, think of all the badass photographers from the early and mid 1900's.

Now photography is a hobby for most, and most of the people making money off of it are just doing it as a side hustle on weekends for things like weddings.

Napster, iTunes, and streaming did the same thing to music, where the only real money to be made was touring and merch sales. But the tradeoff is way more music.

Same thing is happening to movies now.
20ag07
How long do you want to ignore this user?
Did Damon mention how many Bourne sequels he took for paychecks?

Nope, he sure didn't.

Did Damon do Behind the Candelabra, which he references, for the box office?

Nope, he sure didn't.

(That went direct to cable 10 years ago, before streaming even mattered).

So- what's he got to say?
Ol_Ag_02
How long do you want to ignore this user?
AG
I think you guys need to give the man some credit, he has never just taken a paycheck and is truly an actor's actor. His dedication to the art is unceasing.

Example A: The Great Wall.
PatAg
How long do you want to ignore this user?
AG
Wasnt it just an interesting insight into the rise of streaming and the downfall of dvd sales eats into the margins for production companies, which makes them less likely to take chances?

Thread kinda went off the rails here
Ol_Ag_02
How long do you want to ignore this user?
AG
Yes it was actually. But I'm just not gonna let a chance to make fun of the Great Wall go by.
jackie childs
How long do you want to ignore this user?
Ol_Ag_02 said:

I think you guys need to give the man some credit, he has never just taken a paycheck and is truly an actor's actor. His dedication to the art is unceasing.

Example A: The Great Wall.
i heard damon on a podcast where he told a story about his daughter is always giving him crap. anyway, she kept calling it "The Wall" and after a while, he finally corrected her and said "it's actually 'the great wall'". to which she replied "dad, there was nothing great about it"
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.