Tectonic Shifts in TV with Doug Shapiro

Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work

This week let’s settle back to our sofas, grab our remote controls and work out what to watch with Doug Shapiro, among the most prominent voices in the world of television and its tech disrupters. His clear and concise work, all available to watch and read on his website is the go to for thousands.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

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In this episode of Bubble Trouble, hosts delve into the intricacies of media disruption with Doug Shapiro, a prominent voice in TV, economics, and tech. Celebrating over a century of their show's success, they explore topics such as the supply and demand curve changes, the potential of AI in content creation, and the future of media companies amidst technological advancements. Shapiro offers insights into the tectonic shifts affecting the industry, from the rise of new media over traditional formats to the economic implications of infinite content in a world of fixed demand. The discussion also touches on intellectual property, the ethics surrounding AI, and the challenges faced by incumbents in adapting to rapid innovation.

00:00 Introduction

00:42 Part One

00:49 Guest Introduction: Doug Shapiro

01:12 Doug Shapiro's Career Journey

02:12 The Evolution of Media Consumption

03:50 Supply and Demand in Media

07:19 Generative AI and Content Creation

10:32 The Future of Media Distribution

23:09 The Creator Economy and Power Laws

27:13 Part Two

27:30 Hollywood vs. Big Tech

30:00 AI's Impact on Hollywood: A Double-Edged Sword

30:44 Disruption in the Entertainment Industry

31:23 The Future of High-End Content

32:06 AI as a Productivity Tool in Hollywood

32:46 The Rise of AI-Enabled Studios

33:43 Introducing Sora: The Future of Content Creation

35:14 The Turing Test in Video Content

38:22 Local Content vs. Global Tent Poles

40:21 The Copyright Conundrum

41:56 The Dirty Deal: Media and Tech Collusion

48:06 The Fair Use Debate

50:59 Disruption is Hard: Lessons from Netflix

54:22 Concluding Thoughts and Future Outlook

55:42 Credits

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