Tectonic Shifts in TV with Doug Shapiro

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.comYou can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/More on Will Page at: https://pivotaleconomics.com(Times below correspond to the episode without considering any inserted advertisements.)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 Introduction00:42 Part One00:49 Guest Introduction: Doug Shapiro01:12 Doug Shapiro's Career Journey02:12 The Evolution of Media Consumption03:50 Supply and Demand in Media07:19 Generative AI and Content Creation10:32 The Future of Media Distribution23:09 The Creator Economy and Power Laws27:13 Part Two27:30 Hollywood vs. Big Tech30:00 AI's Impact on Hollywood: A Double-Edged Sword30:44 Disruption in the Entertainment Industry31:23 The Future of High-End Content32:06 AI as a Productivity Tool in Hollywood32:46 The Rise of AI-Enabled Studios33:43 Introducing Sora: The Future of Content Creation35:14 The Turing Test in Video Content38:22 Local Content vs. Global Tent Poles40:21 The Copyright Conundrum41:56 The Dirty Deal: Media and Tech Collusion48:06 The Fair Use Debate50:59 Disruption is Hard: Lessons from Netflix54:22 Concluding Thoughts and Future Outlook55:42 Credits Hosted on Acast. See acast.com/privacy for more information.