According to the CEO of Sony Pictures Entertainment, the Internet has been really bad for film making. CEO Michael Lynton was, of course, talking about copyright. This was at a breakfast panel discussion on the future of film making sponsored by Syracuse U. and the New Yorker.
Co-panelist Nora Ephron zeroed in on what really worries folks like Lynton: the potential death of copyright and what this does to their corporate empires. She equated the Hollywood film business to a giant Ponzi scheme that enriches a few at the top.
If anything, the Internet is pushing the content-production business back to its roots: creating “shows” that draw a quick crowd and pay for themselves immediately. This isn’t necessarily a bad thing. A lot of great productions were made on a shoestring.