Film and TV Profits Have Collapsed Over the Last Decade
Net income at the largest U.S. entertainment companies has dropped by more than 60% since 2013.
Good afternoon from Los Angeles, wherever you may be. Thanks to those of you who came to Bloomberg’s Tech Summit. It was a superb event that featured the CEOs of OpenAI, Twitch, Discord and AirBnb. (To say nothing of Halle Berry and the mayor of San Francisco!)
I moderated a panel during which venture capitalist Sarah Guo predicted that AI would lead to five times as much TV being produced. Lord save us all.