Attention Economy


Monday, December 28, 2015

Economics of Star Wars

A great column by Michael Hiltzik in The Los Angeles Times:
Hiltzik observes:
“ …"Star Wars" transformed Hollywood economically, by establishing a blockbuster mentality--and especially a mentality based on blockbusters made for teens. It wasn't the first film to do so; "Jaws," released in 1975, was a pioneer. But "Star Wars" outdrew "Jaws," and the opportunities to exploit the product commercially were much greater.
Ever since then, blockbusters have dominated studio economics and big mainstream movies have gotten stupider. "Titanic," "Avatar," and "Prometheus" are professionally turned-out and entertaining enough for the two to three hours that one sits in the theater watching them and they mint money. But they don't have a coherent thought in their heads, despite the intellectual veneer decorating some of them.”