Micro.blog

cdevroe
cdevroe

Movie studios should just stop holding onto the idea of theaters reopening. Release them online for a fee – direct to consumer. They may make more money doing so.

Gabz
Gabz

@cdevroe I agree.

mikehaynes
mikehaynes

@cdevroe I agree. It's dangerous and, in my opinion, selfish for studios to force viewers out of their homes right now when most people are willing to pay the money and watch in the comfort and safety of their homes. Either release it digitally or wait until late next year when (maybe?) it's safe for people to return to theatres.

JohnPhilpin
JohnPhilpin

@mikehaynes but but but … but my business?

a_seagull_story
a_seagull_story

@JohnPhilpin This brought to mind an excellent article on creative destruction and renewal in the economy, a concept coined by Joseph Schumpeter. He said:

The gale of creative destruction was the process of industrial mutation that continuously revolutionises the economic structure from within, incessantly destroying the old one, incessantly creating a new one.

The article goes on to quote economic historian Barry Eichengreen:

Back when we imagined that the coronavirus crisis would be short and the recovery would be V-shaped—in the different world of a couple of months ago—it made sense to protect jobs. Now that we understand better that many of the changes wrought by the crisis are permanent and that more than a few of those jobs will and should disappear, it makes more sense to protect the worker. This means providing him or her with unemployment benefits, monthly stipends, and tuition subsidies. It means using the public sector’s financial resources to ramp up training for new workers in healthcare, homecare, and other expanding sectors while resisting predictable calls for austerity.

JohnPhilpin
JohnPhilpin

@cdevroe if they had protected people - not jobs - it would have been better all round.

By protecting jobs, the system was gamed and once again the winners were corporations and the losers people.

In reply to
khurtwilliams
khurtwilliams

@cdevroe i have said this for years