Wednesday, February 21, 2024

Josh Marshall eviscerated Ezra Klein, but he did miss one or two major organs

Marshall is a common ground kind of guy so it is unusual for him to go after a colleague, particularly in one as respected as Klein without conceding that at least one are two secondary points have some merit, but he's not giving any ground here ("No. Ezra Klein is Completely Wrong. Here’s Why.")and quite rightly so.  Barring a few examples from writers with obvious ideological axes to grind, this may be the worst piece of political analysis I have ever seen from the New York Times, a paper which in recent memory has told us that Obama was toast in 2012, Trump couldn't possibly get the nomination in 2016, DeSantis was unstoppable in 2022, and Nikki Haley was building up real momentum in late 2023.

Klein starts out by arguing that Biden has been an excellent president and is completely up to the job, strongly implying, perhaps even saying outright (I'd need to go back and double check) that he is the best choice for governing.  This goes on for about a third of the essay before taking a sharp left turn and claiming that our only hope of keeping Trump of the White House is for Biden to step down and to have the Democratic nominee decided by what Josh Marshall calls a thunderdome convention.  

I use the word claim because you can't really call this an argument.  It is, at best, an argument-shaped thing like what you might get from chat GPT on a bad day.  It is a concatenation of strawmen, anecdotes that don't actually address the matter at hand, and underwear gnome planning.  Probably the most interesting and possibly important aspect of this essay has little to do with the points being made in the original piece and more to do with how something this bad could be penned by someone as intelligent an experienced as as for climb and how so many otherwise smart people could take it so seriously.

I'll try to come back to that in another post.  For now, there are a couple of major flaws with the thunderdome argument which Marshall does not get around to addressing (and you really should read Marshall's piece before going any further).

Let's start with Klein's description of how he thinks the process might go:

Still, it is the party’s job to organize victory. If Harris cannot convince delegates that she has the best shot at victory, she should not and probably would not be chosen. And I don’t think that would rip the party apart. There is a ton of talent in the Democratic Party right now: Gretchen Whitmer, Wes Moore, Jared Polis, Gavin Newsom, Raphael Warnock, Josh Shapiro, Cory Booker, Ro Khanna, Pete Buttigieg, Gina Raimondo [Be honest. Was I the only one who had to look this one up? -- MP], Alexandria Ocasio-Cortez, Chris Murphy, Andy Beshear, J.B. Pritzker — the list goes on.

Some of them would make a run at the nomination. They would give speeches at the convention, and people would actually pay attention. The whole country would be watching the Democratic convention, and probably quite a bit happening in the run-up to it, and seeing what this murderer’s row of political talent could actually do. And then some ticket would be chosen based on how those people did.

Could it go badly? Sure. But that doesn’t mean it will go badly. It could make the Democrats into the most exciting political show on earth. And over there on the other side will be Trump getting nominated and a who’s who of MAGA types slavering over his leadership. The best of the Democratic Party against the worst of the Republican Party. A party that actually listened to the voters against a party that denies the outcome of the elections. A party that did something different over a party that has again nominated a threat to democracy who has never — not once — won the popular vote in a general election.

That seems like an OK contrast to me.

The might-not-go-badly standard isn't all that reassuring, especially given that in 2024 bad = disastrous. One could argue that the 1968 Democratic Convention was the most exciting political show on earth. Bitter fights and deep rifts make for great ratings. Klein acknowledges that '68 was a disaster, then waves away the possibility of history repeating itself despite a militant anti-war faction once again being a problem for the party.

Given this and all the other ways that a thunderdome convention can go badly, I'd personally give the possibility of a dumpster fire better than even money, but even if the convention goes smoothly, is this process likely to give us the most electable candidate? 

There are lots of reason to be skeptical, but I'll focus on just one, vetting. Who on that "murderer’s row of political talent" has the nation actually taken a good look at?  Booker, Buttigieg, and Ocasio-Cortez are the only names that jump out at me. The there are a couple of famous unknowns, Whitmer and Newsom, politicians who have been widely seen but not widely scrutinized.

Like most people, I don't actually know that much about Whitmer, but I have had a chance to study Newsom and, as mentioned before, vetting is not his friend.

Really not his friend.


Newsom can't be the only one on Klein's list who looks better from a distance, but how likely are we to be able to distinguish the gilded from the gold in a few rushed and chaotic days driven by an ever growing sense of panic and guided by a press corps that has gotten virtually every major political story wrong for the past decade or so?


Posted by at No comments:

Tuesday, February 20, 2024

Libertarianism

This is Joseph.

This little chart has been making the rounds: 


It is so incredibly naive about how the world would actually work. It basically presumes that you can pass the duties of government to private corporations. Here are just a few of the obvious failure points:

  1. It presumes that Ring and ADT (the private security companies) are relatively equal in strength. Otherwise war (or just refusing to participate) might be cheaper. What if it is suicidal for ADT to attack Ring for one subscriber?
  2. It presumes that the investigation will be fair given that information may not be shared and that the Walter character is able to be investigated by an outside company. 
  3. Relevant to point one, it presumes that one company getting larger will not end up dominating the market. Once a company is large enough, it can start ignoring the smaller companies so everyone needs to subscribe to the big one. This is a failure point of decentralized legal systems (e.g., Medieval Iceland) across history. 
  4. It assumes that anybody involved cares about a fair arbitrator. What if they are unfair? What is the recourse?
  5. In the end, the other key point is that you need a regulated market to enforce all of these contracts. Who is regulating the market? Because if it is the government then you don't need the companies. 
  6. Relevant to point 5, just refusing to pay is a hard thing to counter in this set-up. What if Ring decides that it is good for its marketing not to allow Walter to be punished? Don't we end up in a war? 
  7. Finally, this is a recipe for fragmentation. The whole idea of personal loyalty, reputation, and interpersonal connections is how the middle ages worked. It's going to struggle if it meets a unified state. It's also a terrible idea for a large country (like the United States). It isn't an accident that decentralized law shows up in Iceland. By 1700, the population was only 50,000 (which is smaller than a small US city) which makes a fragmented personal relationship society much more viable (the whole country is one large town). 
Anyway, this was so bad I felt the need to add comments. But as the original post noted, this was demolished by the original libertarian theorists, who were well aware of how warlords and criminal gangs worked. 

Posted by at No comments:

Monday, February 19, 2024

To Russia, with Love

As previously mentioned, the GOP has spent a couple of weeks being very nice to Vladimir Putin, between tossing Ukraine to the wolves, threatening NATO, and Tucker Carlson wrapping up his Russia, land of enchantment series.








Though it should be noted, this has created some surprising rifts within the party.



 

And sadly, this MAGA love has gone largely unrequited.




That's where we were last week. With a handful of exceptions, the party had very publicly gone all in on Russia, which made it a particularly bad time for Putin to shock the world with an especially evil act like...








Republicans (with the aforementioned handful of exceptions) have responded with one of the following:

1. Deafening silence



2. What murder?




3. Yeah, but what about Biden?

As noted by Bradley P. Moss "Navalny was poisoned on Trump’s watch, and imprisoned again on Trump’s watch."






On a related note,the horseshoe tip of the far left has weighed in.


And finally...

4. Good riddance to a woke Nazi


Noted Brexiter.

Murdoch favorite.

We'll close with this reminder of where the Republican Party used to be. .
Posted by at 1 comment:

Friday, February 16, 2024

Performers have been complaining about political correctness for a long time

I have to confess I was never that big of a fan of Freberg. While clever, compared to his contemporaries Bob and Ray and the Goons, his material feels dated, but perhaps for that reason, his work gives a much better read on the post-war era.

1957 Stan Freberg - Elderly Man River (with Daws Butler & Billy May orch.)





Posted by at No comments:

Thursday, February 15, 2024

Bothsides is an easy way to score points but ignore the main points

This is Joseph.

I am a bit puzzled at the recent discourse going into the next US presidential election. Here is Jon Stewart managing to create an equivalence narrative between Joe Biden and Donald Trump:


It is not that the Biden age issue isn't a point. I am getting older and it is sad to see my options and opportunities go away. I think, though, that the policy stakes are being really underplayed here and the focus is instead on the one issue that the two parties can both be criticized on.

Mark pointed this post out:


It's a little harsh but not completely unfair. 

Here is Josh Marshall:

The challenge of Bothsideism is that it makes you look wise and considered but at the cost of obscuring the issues. Ironically, the best line of attack here has been from Nikki Haley who has tried to portray both candidates as too old in the context of nominate her and not Trump. It probably isn't a terrible argument for a partisan Republican to make (highlighting her strengths) but the argument about age ignores many other contentious issues that the Trump presidency raises. 

I hope that we see better in the days to come. 
Posted by at No comments:

Wednesday, February 14, 2024

When threads collide...

This New York Magazine profile hits lots of our old friends.

There is, of course, Bill Ackman.

Then there's Avi Loeb, formerly noted astrophysicist, now UFO loon.

Plus Vivek Ramaswamy and Robert F. Kennedy Jr.

That night, Ackman and Oxman hosted a dinner at their Upper West Side apartment, a gathering of World Minds, an “invitation-only community” funded by the media conglomerate Axel Springer that is a kind of rotating series of Davos-lite dinner parties — the kind of places where VIPs discuss the world’s problems over cocktails (Oxman is a member of the group’s advisory board). The featured guests were two members of the World Minds network: David Petraeus, former CIA director and current partner at the private-equity firm KKR, and Avi Loeb, an Israeli astrophysicist at Harvard. The war in Gaza had been raging for a month, and Petraeus gave a dispiriting talk about the broader geopolitical fallout. Later in the evening, in a call for dialogue among different tribes, Paola Antonelli, a curator at MoMA, offered a thought. “Love the aliens!” she said.

Loeb took the idea and suggested looking for hope from above. “My personal belief is that the Messiah will arrive, not necessarily from Brooklyn, as some Orthodox Jews believe, but rather from outer space,” Loeb told the group. The extraterrestrial Messiah’s message, he said, would be to stop fighting over territory here “because there is much more real estate available throughout the universe.” Back on Earth, Loeb listened while Ackman said he was hopeful that Gay would respond to his letter. “I’m a theoretical physicist, so I get paid to make predictions, and I said to him, ‘I don’t think you will,’” Loeb told me. “The last thing Harvard would do is admit their mistakes.”

Ackman believes that our lives are often fated from birth. “I have a view that people become their names,” he told me. “Like, I’ve met people named Hamburger that own McDonald’s franchises.” We’d been talking for nearly an hour and a half when Ackman asked me what my name was, hoping to offer a diagnosis. After he seemed momentarily stumped by my surname, I offered him my first name, which he misheard as Reed. “Read … write,” he said, before turning back to himself. “So, my name is Ackman — it’s like Activist Man.”

...

On Martin Luther King Jr. Day, Ackman joined a Twitter Spaces conversation with Elon Musk and Dean Phillips, the Minnesota representative running a long-shot campaign against Joe Biden for the Democratic nomination. Ackman had endorsed Phillips, and he told the 20,000 listeners, including the accounts for Marjorie Taylor Greene and @EndWokeness, that he was “ashamed” of today’s Democratic Party. He has predicted that Trump will win if Biden is the Democratic candidate. Before settling on Phillips, Ackman had looked for alternatives in Harvard graduate Vivek Ramaswamy, Harvard graduate Robert F. Kennedy Jr., and Harvard graduate Jamie Dimon, whom he had encouraged to make a run. Would Ackman, another Harvard graduate, ever consider running himself? Some of his friends think he might. “He’s going through a period of growth — a period of expansion — because it turns out this political activism is quite fun, and I believe the adulation he feels will push him to do a lot more of it,” the longtime Ackman associate told me. “I wouldn’t be surprised if we see him running for office. And if you ask what office, you don’t know Bill Ackman.” Ackman himself said in December that “if the country wanted me at some point, I would be open to it.”

The profile also links to a fun Vanity Fair piece that includes the following.

“Ackman seems to have this ‘Superman complex,’ ” says Chapman Capital’s Robert Chapman, who was one of the investors on the other side of Ackman’s bet. “If he jumped off a building in pursuit of super-human powered flight but then slammed to the ground, I’m pretty sure he’d blame the unanticipated and unfair force of gravity.”


Posted by at No comments:

Tuesday, February 13, 2024

High-speed rail circa 1907

An interesting look at how people looked at advances in transportation around the turn of the last century. From the 1907/03/09 Scientific American. [Emphasis added]









Posted by at No comments:

Monday, February 12, 2024

If your mental model of the 2024 far right doesn't address their infatuation with Putin, you need to go back to the drawing board.(told in tweets)

(The far left tankies' continued loyalty is a topic for another day.)


This is a good place to get up to speed on the interview itself.
And now on to the reaction, starting with a couple of US senators.







Posted by at No comments:

Friday, February 9, 2024

Are you ready for some football (-related insane conspiracy theories)?

A reminder that when you talk about politics in 2024 this is today's GOP.


Johnson is not a fringe figure. He has millions of followers...

... and has been on the staff of the following:

Breitbart

The Blaze

BuzzFeed

The National Review

Independent Journal Review (IJR)

The Daily Caller.

Newsmax


Nor is he the only prominent Republican pushing bizarre Swift/Superbowl conspiracies.




To be fair, not all of the crazy reaction are Biden-focused.


Posted by at No comments:

Thursday, February 8, 2024

Breaking the rules with "one simple trick"

This is Joseph.

One under-rated part of the Donald Trump phenomenon is how he seems to be able to flout rules and norms rather aggressively. He skips debates, for example, and still has no trouble winning the nomination. As a result, this has led politicians to start trying to ignore norms, as well, in hopes of being able to pull this type of immunity from rules off. Let's look at two examples of how it is working.

Lauren Boebert has a problem. She won her district (Colorado 3rd) by a thin margin (50.08% to 49.92%) against a strong challenger in a non-presidential year where Republicans tend to do better. Then she had a number of public events that tarnished her image -- such as an incident during a play. That means she'll have less favorable odds and a new scandal to dilute support. Even worse, this opens up room for a primary challenge in her own district. So what does she do? Why not simply switch from a safe Republican district to an even safer one, replacing somebody who is retiring. That way she will benefit from the partisan leanings of the district to overcome these obstacles (and maybe draw a weaker challenger). So how is is going?

Not well:
She got 12 votes in the poll, according to The Denver Post. Logan County Commissioner Jerry Sonnenberg topped the poll with 22 votes, followed by State Representative Mike Lynch with 20, conservative radio host Deborah Florida with 18 and State Representative Richard Holtorf with 17.
Now maybe she will prevail on name recognition (although that could be a two edged sword) but it isn't an optimistic start among the insiders in her new district. The primary is the real battle here and there are now four people who see beating her as a chance for a long term congressional role. 

On the other side of the isle we have Krysten Sinema. Facing a serious primary challenge after she alienated her own party in a high profile way, she switched to independent. No more primary. The democratic party does work with independents (Bernie Sanders and Angus King) so it looked like a smart move. But the trick to being an independent is to be vastly personally popular. It is the same way that Lisa Murkowski managed to survive as an Alaskan senator. Instead, she left the party without a solid well of support, gambling that Democrats would cede the field to prevent a vote split that would give the seat to the GOP. 

So how is this going? Well, she is way behind on even getting on the ballot:
The report also revealed Sinema had spent no money on signature-gathering through the end of 2023. To qualify for the ballot as an independent, she needs to get 42,303 valid signatures by April 8, according to Arizona’s secretary of state office ― a task Arizona Democrats think only gets harder by the day.
Her press is focused on her spending and lack of fundraising. Her numbers are rough. To pick a recent poll, we have Gallego (D) 39%, Lake (R) 40%, and Sinema (I) 13%. Obviously there are things that could happen. Perhaps Sinema finds a way to get the Republican nomination? But the odds are very much not in her favor. It's like Nikki Haley versus Donald Trump -- it isn't that victory is impossible but that the path to it is very, very narrow and almost certainly involves a serious lucky break (or, more like 5 or 6 lucky breaks).

Anyway, it remains the case that the Donald Trump story is not a sign that all political rules are gone. Instead it is the much older story that a dedicated political following and a strong base of support allow for greater freedom of action. Without that, all of the rules of political gravity re-emerge.  



Posted by at No comments:

Tuesday, February 6, 2024

If you want to save the planet, start by learning how to use your damned microwave

Americans have a problem with solution phobia. We have become like children, fascinated with the toy weave just heard about but utterly disinterested in the ones we actually have. Another analogy might be the person who is convinced that the next piece of exercise equipment they buy will make them lean and toned while a ton of perfectly good equipment is collecting dust and spider webs in the garage.

Or in this case, the kitchen.

Microwaves may well be the most misused and under used cooking methods in most households. For starters, they are wonderfully energy efficient.

From CNET



And that doesn't count the double whammy of using an oven in the summertime.

The other great upside of the microwave is that it annoys foodies, a group that has been on a crusade to make cooking as expensive, inaccessible and onerous as possible. I've noticed that people who really know about food seldom have this mindset, particularly when it comes to making things faster and easier. 

This video from the reliable America's Test Kitchen is a great example. I thought I was fairly knowledgeable on the subject but I learned a lot, including the fact that microwaves don't work on ice and that you can use them to fry foods.

 

While we're on the subject, I never would have thought about poaching eggs in a microwave, but the people at the Good Housekeeping test kitchen did, and they were surprisingly happy with the results. 

And, yes, bacon (just don't mess with anything labeled "as seen on TV").



In addition to the video above, America's Test Kitchen appears to have done a whole episode on the subject. Here's an excerpt.




Posted by at No comments:

Monday, February 5, 2024

Twelve years ago at the blog -- Amity and the Bunnies

For a while there, Amity Shlaes was everywhere, from the Daily Show to Marketplace. More recently, her star seems to have faded somewhat with her career settling into comfortable conservative media sinecures with organizations like the National Review. Her arguments seem to be largely the same more than a decade later, though to be honest, I didn't feel motivated to look that closely this time.

 

Wednesday, February 1, 2012

Block that metaphor!

Marketplace has been looking for a conservative commentator to replace David Frum. Here's an excerpt from Amity Shlaes' latest audition:
Obama wants to reward companies that create jobs here in the United States. One of the carrots is a tax credit for companies that move operations back here. Another would double tax breaks for high-tech factories making products here.

These are juicy carrots. But the sticks put forward by Obama are hefty. The president wants to eliminate a tax break for moving expenses when a company ships operations overseas. He also wants to close a tax loophole that allows companies to move some types of profits to overseas tax shelters.

The president figures that businesses will tolerate the pain of the sticks for the reward of the carrots. He thinks if he pokes the stick in one corner, they'll hop over to the corner where the carrots are.

But the trouble with this argument is that the U.S. economy is not a rabbit cage. And business people -- entrepreneurs especially -- don't respond well to prods from a stick. Any stick. If they get a glimpse of the rod, they'll leap away for sure -- but it might just be to somewhere outside the United States. Our cage. And the carrots of cheaper labor there overseas might even be tastier.

Maybe the president is forgetting the goal, which is making the economy grow faster. Enough carrots, and businesses will grow. And they'll create jobs. But pick up even just a few sticks, and you won't get recovery. Instead, we'll all be looking at an empty cage and asking: Where are the rabbits?
Putting aside the argument that eliminating "a tax break for moving expenses when a company ships operations overseas" will encourage companies to ship operations overseas (is there a paragraph missing somewhere?), what caught my eye was the way Shlaes tortures this poor metaphor.

It doesn't help that the proverbial carrots and sticks were used to motivate proverbial mules and other large and stubborn beasts of burden. As an old country boy, I can tell you that getting big animals to go where they don't want to go is a challenge. I haven't had that much experience with bunnies, but I have to think it's a bit less daunting. I don't even believe I'd need a stick.

But Shlaes' odd allegorical choice is in keeping with the even odder dichotomy in the way conservative rhetoric has come to treat entrepreneurs and business leaders. Half the time they're bold and decisive figures, the spiritual descendants of our frontier forefathers; the rest of the time they are as delicate as a hothouse flower and as timid as a woodland creature (like, for example, a rabbit).

Shlaes has entrepreneurs leaping away at just "a glimpse" of a rod (and given that she describes closing a couple of tax loopholes as "hefty" penalty, it's fair to say that she really does mean it when she says any stick). Other conservative commentators have speculated that business leaders are slow to invest because they can't deal with the uncertainty caused by a possible return to Clinton era tax rates. We've even heard some argue that the recovery was slowed because the president keeps saying hurtful things about bankers and CEOs.

It's a bit like Dr. Jekyll and Mr. Hyde but with John Galt and Elmo.

Marketplace really needs to get Frum back.

 

Posted by at 1 comment:

Friday, February 2, 2024

"Any time I misspell a word it's just because I have too much integrity to copy answers from the dictionary."

 From XKCD

 

Posted by at No comments:

Thursday, February 1, 2024

You notice how we haven't had an embarrassing UFO story for a while?

That doesn't mean they haven't been happening.

From Jason Colavito:

This week Carlson launched a subscription streaming service for his own far-right content, complete with a logo designed after the “red pill” MAGA enthusiasts use to symbolize right-wing radicalization. To promote the service, Carlson appeared on Redacted, a right-wing podcast hosted by Clayton Morris, a former Fox News anchor. During the discussion, Morris said that he and Carlson used to discuss UFOs when both worked at Fox News.
 
Carlson told Morris that the UFO story was one of only two that “bothered” him and left him with unanswered questions that ate at his soul. He said that he believes UFOs are non-human craft. He called the story spun by ufology “dark” and suggested that he believes there are unexposed levels of conspiracy and evil beyond the mythology of flying saucers. Carlson said that there is a “spiritual component” to UFOs and implied that he thinks they may be demons. 

...

Carlson went on to cite “paintings” and ancient texts in revealing that he is an ancient astronaut theorist and implied that the “darkness” had something to do with the suggestion that humanity was created or controlled by what are presumably demons. Carlson previously appeared on Ancient Aliens and has frequently played host to prominent UFO advocates, including Lue Elizondo and Garry Nolan.


Posted by at 5 comments:

Wednesday, January 31, 2024

Willy Wonka and the money-printing machine

[more January IP blogging]

I noticed this box of cereal the other day while shopping. My first thought was they are still squeezing money out of a 50 year old film and the image of a star who has been dead since 2016

 

 [Next to a box of cereal featuring sixty year old cartoon characters, but that's a topic for another post.]



The example was even more striking after I did a little research. This wasn't just a fifty-year-old film; it was a fifty-year-old flop.

 

The idea for adapting the book into a film came about when director Mel Stuart's ten-year-old daughter read the book and asked her father to make a film out of it, with "Uncle Dave" (producer David L. Wolper, who was not related to the Stuarts) producing it. Stuart showed the book to Wolper, who happened to be in the midst of talks with the Quaker Oats Company regarding a vehicle to introduce a new candy bar from its Chicago-based Breaker Confections subsidiary (since renamed the Willy Wonka Candy Company and sold to Nestlé). Wolper persuaded the company, which had no previous experience in the film industry, to buy the rights to the book and finance the picture for the purpose of promoting a new Quaker Oats "Wonka Bar".

 ...

Willy Wonka & the Chocolate Factory remained in obscurity in the years immediately following its original release. When the distribution rights lapsed in 1977, Paramount declined to renew, considering it not viable. The rights defaulted back to the Quaker Oats Company, which was no longer involved in the film business, and therefore sold them to Warner Bros. for $500,000. Wolper engineered the rights sale to Warner, where he became a corporate director after selling his production company to it the previous year.

By the 1980s, the film had experienced an increase in popularity due to repeated television broadcasts, and gained cult status with a new audience in home video sales. In 1996, there was a 25th anniversary theatrical re-release which grossed the film a further $21 million. In 2003, Entertainment Weekly ranked it 25th in the "Top 50 Cult Movies" of all time. The tunnel scene during the boat ride has been cited as one of the scariest in a film for children, for its surreal visuals, and was ranked No. 74 on Bravo's The 100 Scariest Movie Moments. The scene has also been interpreted as a psychedelic trip, though director Stuart denied that was his intention.

...

Willy Wonka & the Chocolate Factory was released by Paramount Pictures on June 30, 1971. The film was not a big success, eventually earning $4 million worldwide on a budget of $3 million, and was the 24th highest-grossing film of the year in North America.

A few important points here both about the business of entertainment and about why most of the coverage of that business is so bad.

First off, every story of this industry is an IP story, both in who owns it and the curve of its money-making potential. Warner picked up the rights to this film for what was, even at the time, a song. Since then it has grown far more profitable and, to point out the obvious, that's all gravy. You don't need to spend any money on production or acquiring rights and, in a sense, its advertising budget is negative since you get paid for product placements to keep it in the public eye.

As we've discussed before, certain intellectual property has legs. It will continue to produce, often becoming even more popular, for decades after its creation. It is no coincidence that every few years armies of lobbyists from Disney and other big media companies descend upon Washington to get Congress to push back the expiration dates on copyrights.

Certain properties remain culturally relevant seemingly forever, and that relevance translates to multiple streams of revenue. They will be sold directly, remade or covered, streamed, licensed, and will serve as the basis for derivative works.

Universal's Frankenstein is over ninety years old and you will still see Jack Pierce's copyrighted makeup every Halloween. At the height of the pandemic, people watched over a billion hours of the  Andy Griffith Show, a series that ran from 1960 to 1968. Artists are constantly covering the songs of Hank Williams, a songwriter who died seventy years ago. Frankenstein, The Andy Griffith Show, and Hank Williams catalog were all enormously profitable at the time (Griffith was the number one show in the country the year it went off the air), but all ended up making far more money afterwards.

Looping back to the original subject, one place where one frequently finds IP with legs is the children's market. Kids are voracious consumers of media, have an extraordinary tolerance for repetition, and are frequently not all that discerning. Better yet, if your target audience is any age band Under 10, every few years it will completely refresh itself so you can just haul out the same old product. In one notorious example, Hanna-Barbera would crank out a single season of shows like The Jetsons, Johnny Quest, or Space Ghost and then run them in constant rotation on Saturday mornings for decades.

Television basically created the children's market, but it was home media that cranked it into high gear. I remember an interview with Robert Altman where the director of films like mash, McCabe and Mrs Miller, Nashville, and the Player said the film that had made him the most money was Popeye.

 Journalists covering the streaming industry, particularly East Coast based journalists, have done an embarrassingly bad job with the IP aspect of the industry, which is probably the single worst thing they could screw up. Disney and Warners lost billions saturating the market with expensive shows that provided little incremental value -- how many additional subscribers do you think the $150 to 200 million investment in Moon Knight brought in? - - while the majority of viewers were there for their already incredibly rich catalogs. At the same time, these journalists did a piss poor job reporting on which "Originals" Netflix actually owned the rights to and, perhaps more importantly, how few of the shows that they did on had any kind of legs.
Posted by at No comments:
Subscribe to: Posts (Atom)