What Is an Entertainment Company in 2021 and Why Does the Answer Matter?

But what is the strongest, most profitable, most defensible part of Disney’s business in the digital era? Its capex-heavy, physical theme parks....By turning hit films into theme park attractions, not only does Disney generate more “upside” from a hit than its competitors do, Disney’s breakeven point for these films is also much lower.

In movies, TV, and video games: cinematic universes. Studios have finally figured out that once audiences fall in love with fictional worlds, they want to spend lots of time in them.

Today, the writers who succeed, and who actually make money, are more than just writers. They are individual brands. They are solo-run companies. They are the publisher, the creative director, the distributor, and the writer, all wrapped up into one—and they embrace the additional responsibility, because it means they have more monetary ownership a

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I spend 90% of my time thinking about stories and narratives, and like so many other things, narrative formation is getting decentralized. This is my attempt to figure out what’s happening and where it’s heading.Crafting and telling stories is part of what makes humans humans. Stories let us coordinate across time and space. Stories are undeniably ... See more