The Economics of Hollywood | Economics Explained

[@EconomicsExplained]

A huge thank you to Skillshare for making this video possible and for offering a completely free trial of Skillshare Premium trial to the first 1,000 EE fans! 👉 skl.sh/economicsexplained01211

[@zyansheep]

Yeet

[@0xjrr]

it's a miracle, ee video finally

[@manuelka15]

The motion graphics with text appearing on the screen is very distracting, please remove it :(

[@HowMoneyWorks]

Signing up to help you get that James Bond Aston Martin

[@stefanoraffo5096]

Disney is not a monopoly but they are certainly part of an oligopoly. They control a huge amount of the supply and the world's biggest franchises of course it's show them or die. I thought that argument was a bit week but overall great video

[@HowMoneyWorks]

Good to see Michael from Economics Explained is alive and well, I was beginning to think the governments ranking at the bottom of the EE leader-board had finally got to him!

[@EconomicsExplained]

Not today my friend haha

[@jdd109]

He has a security detail made up of the finest Norwegian and New Zealander experts

[@EatMyShortsAU]

*Michael Bay

[@stephenwodz7593]

The most creative people in Hollywood might be the accountants.

[@andrewhenshaw4067]

😅

[@SpecialJay]

👏👏👏

[@Crusader143d]

It's the people who stole the camera tech from Edison and fled to California to avoid the fed before transportation was easy to go find them. Not My problem tho.

[@Brainfryde]

Everything they do is certainly... original.

[@sor3999]

@@Crusader143d Hollywood was founded on piracy.

[@lucas3918]

And just as we needed him, the Aussie man returns

[@abzeromusic]

Where my game stonks video though?

[@EconomicsExplained]

Now with a new and improved flavor!

[@swapnilsharma2794]

@@EconomicsExplained Where were you Mr micheal? I missed you so much 😭😭😭

[@livethefuture2492]

@@EconomicsExplained FINALLY! thank you for bringing back some normality into my life, with my evening dose of Economics explained! :D

[@ttld678]

My aussie boy I got so worried🥺

[@danielbenton5817]

I find the new text thingy distracting and a bit dizzying. Great video tho and the quality is just getting better and better!

[@eliahelfenbein4731]

Thank you

[@laszloandrasi3258]

I agree with you Daniel. It made me quite queasy.

[@Luke-op3to]

In some ways, it is great and brings attention to specific words and points - but when overused it's distracting, and the spinning of the frame is indeed dizzying

[@Lucy-ng7cw]

Lucas Brunelle yeah once or twice in a video would be fine but constantly just gets annoying

[@zoltannagy47]

Agreed

[@zacharythompson7911]

I know you just learned it, but please don't use the "kinetic typography". or at least not so much, especially in the middle of the videos. doing it once at the beginning might be okay. And for a video about Hollywood investors I assumed there would be way more about human trafficking and demon worship.

[@thephilosopher7173]

The economic info on the Trafficking and demon worship is covered by Hollywood accounting which is too opaque unfortunately.

[@whathell6t]

@@thephilosopher7173 No it's not opaque. Trafficking and demon worship are in arms race phase. A rivalry of Hollywood vs South Los Angeles. Trust/Offshore Fund trafficker vs MS-13 trafficker Baphomet cult vs Cipactli cult

[@simonpetrikov3992]

@@thephilosopher7173 demon worship is supernatural not economic

[@thephilosopher7173]

@@simonpetrikov3992 The more the avg person believes that things like this are simply beyond them, the more these ppl get away with it. For if it is supernatural you're only possible solution would be a being who likewise is this way. But if you depend on such a being then you have nothing to worry about since you can't do anything. But thats not logical, because we can do something, and therefore its not supernatural.

[@ayush.kumar.13907]

The Economics of Hollywood: Remakes, Sequels and Prequels. Then start your own Streaming service.

[@ayush.kumar.13907]

@@Brent-ln9bc that's any big business, not hollywood specifically

[@khalmasonart]

I mean remakes, sequels and prequels are safer bets for investors compared to more risky new franchises.

[@simonpetrikov3992]

@@khalmasonart yes that's true that's why I don't rail against pop culture movies as much as I used to

[@unity_talon]

The typography is nauseating and distracting.

[@olbradley]

Ikr, "Kinetic typography" is really overrated. Not sure why so many people use it.

[@MegaLietuvislt]

I've only ever seen it in music videos. In my opinion that's where it should stay...

[@edmundthespiffing2920]

@@MegaLietuvislt or memes

[@annabethchase2569]

Yeah, while it worked in the ad, using it in the video almost every time there was a text became tiring very quickly.

[@elegantbiscuityt]

"In Massachusetts..." Shows Texas state capitol building with a very visible texas state flag

[@magiccards88]

Was looking for this comment

[@catalindeluxus8545]

Well, the quality of EE has sadly decreased steadily over some time.

[@Lucy-ng7cw]

Catalin Deluxus in what ways?

[@EatMyShortsAU]

*Shows Istanbul skyline*

[@jeffreypierson2064]

There must not be a stock footage of the Boston building. He only uses stock footage.

[@mick2998]

EE: Disney is not a monopoly. Me: Not yet. Give it a couple of years, and then I'll say 'I told you so'.

[@DonPidgeon]

Anyone want to bet against that the "Worst Mistakes Economics Explained did in 2121" will feature Kinetic typography?

[@dishankjain4894]

EE, my man, your video literally screams "I want to show off my kinetic typography skills"

[@annabethchase2569]

Which he learnt from SkillShare, SkillShare is the online learning platform.... (I ain't typing all that out :P)

[@bohdandoval9621]

No they just discovered the envato pre-made templates

[@razzKey]

"Disney isn't a monopoly" But that's exactly where they are heading though.

[@alexxx4434]

Any self-respecting business wants to become a monopoly some day!

[@secondavenger9775]

Disney can never be a true monopoly for one simple reason: They can't stop other people from making movies. They don't control the means of production or distribution that they can keep others from using, they merely own lots of popular IPs. IPs are just ideas and it's impossible for anyone to monopolise ideas, so to complete with Disney you need better ideas.

[@alexxx4434]

@@secondavenger9775 Well, can't Disney just buy competing new IPs, by making an offer one can't refuse?

[@mariokarter13]

"Disney aren't a monopoly, they just make great movies." No, they just own most movies.

[@mikitz]

Disney is more of an oligarch than a monopoly.

[@georgebreahna5564]

Please go to the old editing style, calm and focused on your narration, no need for flashy text and over-editing.

[@cmdr1911]

Mr economics man is back. Been a long two weeks

[@ThatGUY666666]

Just taking a moment to feed that KZbin Algorithm. Also, you're going a more than a bit overboard with the kinetic typing. A little bit is okay but too much and people start developing headaches. I guess what I am saying is that moderation is the key.

[@mellowjello2593]

Not a fan of the rotating words. It's hard to follow, simple still text is much better.

[@GeorgeKendall]

“Disney simply make great movies” Uses The Last Jedi as an example.

[@insaneweasel1]

Normies gonna normie

[@Orclin]

If Disney makes great movies, then McDonald's makes delicious, healthy exquisite cuisine.

[@FireHax0rd]

I assume this was a sarcastic remark on EE's part, and he will provide a real answer later on..? Please EE?

[@Orclin]

@@FireHax0rd I swear I've seen so many respectable people having such a terrible taste in movies, enjoying then simply for the fact they're 'part of the bigger franchise' and being loud, colourful and bombastic it makes me suicidal.

[@somethinglikethat2176]

@@FireHax0rd maybe it was a reference to the massive second week drop off the movie experienced which would have cost most cinemas the chance to make a profit off the movie. Or it was just the first big movie to demand 100% of the first time gross.

[@ellakai1]

I feel like this is very similar to Tom Scott's video: KZbinrs have to declare ads. Why doesn't anyone else? Still very important subject since endorsement laws are nothing but fair.

[@woutervanheusden]

Just had KZbin recommend that to me, excellent video

[@habib6499]

Last time I was this early New Jersey was “the Hollywood”

[@waflletoast11]

"Thomas Edision has entered the chat"

[@madma11]

Sorry .. free market economics intertwined with lots of government incentives. Just wanted to clarify this isnt a true free market lol.

[@sithrebel1548]

Meh he's a hardcore right winger. Most everything in this channel is told through the twisted lens of a fascist.

[@perfectlyfine1675]

@@sithrebel1548 he's admitted to being a Social Democrat or something like that when he talked either about the Universal Basic Income, Minimum Wage or Norway. I do hope you're joking as this seems like a joke.

[@sithrebel1548]

@@perfectlyfine1675 galatians 4:16

[@SP-rt4ig]

@@sithrebel1548 Do you even understand the definition of Fascism, or are you just calling anyone who doesn't agree with you a Fascist? Last time I checked, Keynesian economics isn't "hardcore right-wing", whatever the criteria for that is.

[@perfectlyfine1675]

@@sithrebel1548 so, you're serious? Ooh, boy. Please do tell me how you've figured out the political positions of a channel that only tells about economics? Also, about how a channel that alluded to being left wing and critisized Third Positionist economics is a Fascist? Final point: praising the free market and being Fascist are mutually exclusive. Fascists want total control, economy included.

[@Tobi_Jones]

the rotating text makes me dizzy

[@thomaswalsh4552]

“Look at this new skill I learned” *sad editor noises*

[@ryanyang3347]

8:01 Tom scott just talked about this!

[@hchskxnbcj]

You stole my comment :(

[@rapzeh4]

Yeah, but most likely this video was already done when Tom made his publica

[@chrisremero3277]

Why is nobody talking about Cruptocurrency at this moment? It's on a bull run and a lot of people are defintely gonna miss out on that just like the last time

[@hatsapp4108]

Bitcoin Trading is the best thing I've ever done since the inception of Cryptocurrency

[@sardardonald739]

@Joanna Maidlow Yeah no doubt the crypto market has earned me alot you just gotta understand the market

[@alexanderhamilton2252]

Crypto is the new gold

[@chrisremero3277]

@@alexanderhamilton2252 Yeah investing in crypto is a big chance to make money nowadays

[@santiagojose4934]

@@chrisremero3277 I've got interest in investing but afraid of doing it on my own to avoid loss from my end

[@uhrologe2596]

"Who provides the funding of the studios?" Answer: China

[@SmartMoneyAnimation]

This might honestly be one of my favorite KZbin channels. I learn so much here.

[@tRuStThEsCiEnCeBiGoT]

"Disney makes great movies" spoken in the context of "The Last Jedi"? Seriously, dude... seriously?!

[@jcoludar]

Yeah, that's a good one to pick up on :) Nicely done!

[@JakeInMotion]

Super pleased you enjoyed my class! Just embarassed by how baby-faced I was 8 years ago.

[@caad5258]

Calling the Sequel trilogy "great movies" feels dirty...

[@simonpetrikov3992]

Well it is great from a certain point of view ; a Financial one

[@MichaelSchagen]

I think we can all agree that kinetic typography is a horrible thing that must end right now. Your content is of great quality, it doesn't need distractions to hide an actual lack of content, it is full of it.

[@ridig2915]

Pls don‘t spin the text around as much it feels like a rollercoaster

[@NoobToobJamarMemes]

When you were talking about Massachusetts' movie industry at around 11.5 minutes you showed the Texas state capital building :D

[@rushtest4echo737]

Love your channel, but when using the 15 years of global box office revenue and NOT adjusting for inflation (which in developed economies that watch movies is ~40% over that time period) is quite disingenuous. I understand why you use the data as it is, but I feel that a simple casual "but nearly half of these gains are lost to inflation" would solve the issue.

[@CRegensche1n]

This happens way to often... and all too often when adjusting for inflation things look brim

[@Anzallos]

Huh, there was just a Tom Scott video about the disclosure stuff. Interesting.

[@cocoabutt1711]

If this were the 80's I'd be speculating about "Economic Explained: the movie."

[@HowMoneyWorks]

"In a world"

[@cocoabutt1711]

@@HowMoneyWorks Someone with a video editor (and too much free time) needs to make this trailer!

[@chimarleywai]

After enough cocaine it sounds fantastic

[@EatMyShortsAU]

Feature all female cast (Because you know gender politics).

[@cocoabutt1711]

@@EatMyShortsAU Are you female?

[@eoinh]

Tom Scott recently put out a long video going into much more details about the discrepancy between TV/film and influencers regarding the need to declare sponsorships, for anyone that's curious :)

[@definitelyclickbait7144]

Wow he isn't dead Cue 0:06 "Impressive definetely, Suprising probably not"

[@samueljrichardson2499]

Welcome back, we missed you. Great video as always. I'm an accountant and these things are incredibly interesting. 100% spot on with your facts and descriptions.

[@Viperzka]

The fact that Disney can force those pricing agreements makes them a monopoly at least in spirit. It does point to the fact that many of our largest dominating companies (which are acting like monopolies) are there because the public wants them so much. Amazon, Google, Disney; thei all succeed because they give the consumers what they want. But they also do (or at minimum threaten) great damage to the society through their outsized control. I'm not sure how to address that.

[@paolodestilo]

@Economics Explained will you make an episode in which you explain what your research method is and the sources that you usually use to create the incredible content you make! Thank you!

[@aluminiumsandworm]

kinetic typography is cool n stuff but like, maybe for a video when you've sniffed the magic economics dust from wallstreet

[@spurguvitunhuora9119]

I might have called this video How Jack & Jill needed a budget of 80 million. But your title is clearer.

[@LordChewy]

EE: Hollywood will probably never make a movie about Hollywood accounting. The Producers (1967, 2005) has entered the chat.

[@jeffreypierson2064]

That is Broadway accounting.

[@raaaajeev25]

When EE mentions the economics of 20$ popcorn! You sir, you deserve a medal

[@rj5848]

I m really happy you are back I was checking your other channel and those channel were also dead which made me worry what happened

[@EconomicsExplained]

Thanks for the concern mate, I was just taking a bit of time off for myself and also to work on new charts and graphs for the video's.

[@theprimest]

Now this is what you call a high quality video!

[@bradolfpittler2875]

Probably thanks to skillshare?

[@Think_Inc]

How did you come here?!

[@timrogers8709]

Dude you made the best Skill Share ad I have ever seen. They should make that into an actual ad they run on other pages! Nice drawings bro!!!

[@DarkViperAU]

18:12 Disney does have a monopoly theough, right? On Star Wars. Absent government regulation, copyright laws, anyone could be producing their own Star Wars movie giving movie theatres a choice. "Oh, you won't give us revenue share? We will show this other star wars film that will". I think copyright laws should exist, but you can't stay what is going on there is the free market at work. Disney can charge what it can due to it's monopoly on particular ideas and their presentation which would not exist in a "true free market".

[@perfectlyfine1675]

*Oligopoly, but yeah, it's definitely not free market as he puts it. A free market wouldn't really allow for such practices.

[@floxy20]

"...anyone could be producing their own Star Wars movie..." "I think copyright laws should exist..." I think your understanding of copyright is defective as shown by those two quotes. Not allowing another entity to produce your product does not constitute a monopoly.

[@DarkViperAU]

@@floxy20 These two statements are not in constestation. The first is merely stating the fact of the matter and the second stating that I agree this is how it should be. In a free market, Disney would have absolutely no ability to prevent me from making my own Star Wars movie. The market would influence who's movie succeeded, but they could be made. With copyright laws, it isn't a free market, the government acts on Disney's behalf to give them a monopoly over the particular ideas.

[@floxy20]

@@DarkViperAU "...the government acts on Disney's behalf..." No, it acts on all creators' behalf. A free market does not include the right to steal others' ideas or make fake knock off products. I assure you there is not one lawyer or judge or lawmaker who would agree with you.

[@JacobFlies]

0:47 , 3:53 , those parts are intense and maybe too much but I like the moving graphs and other parts :) thx for the nice video

[@theprecursor8736]

i hit LIKE in like 2minutes of almost all EE videos. its just very pleasing to watch this channel's videos

[@hawaiijim]

16:40 If you're adding back depreciation and amortization, then you should also subtract capital expenditures.

[@RaitheaFilms]

Yeah, I really enjoy his videos but its clear he doesn't understand tax codes and systems. It reminds me of his video on wealth gaps and the active income tax is so high. But he didn't understand that for a wealth gap he should be looking at the passive income tax rate. Economists are good in theory, accountants are good in practice.

[@memofromessex]

The funny New Zealander is back, he's not dead!

[@vishnuvardhan_me1892]

The video started with a mention of Keynesian economics and ended with a great insight about free market economy. How ironically great.!

[@comik300]

I'm sorry but that ending point was terrible. They don't have to be a monopoly to act monopolistically.

[@fernandocampos8394]

I think they’re just using they’re leverage that they gained from buying strong IP maybe if they wouldn’t foreseen that leverage then they wouldn’t have spent as much money in the film as they did and so the consumer doesn’t get a better produc

[@thedoruk6324]

This upload come when we needed it most

[@kevinsjournal]

I work in the movie industry lol, but my side passion is randomly in economics and business, my channel is also finance, so this was like the perfect video for me

[@AndyQuinteroM]

Good video. Just my feedback, don’t use those fast moving title transition screens. They are distracting and make me a little uncomfortable. Your videos pace is quite slow so why use fast transitions like that?

[@gumerzambrano]

He's back! I love hiking the Hollywood sign. It's really fun

[@chriss.9662]

Mr. Economics Explained Man: Super glad to see new videos from you guys again! A couple of things though, personal preference: not crazy about the kinetic typography thing, but whatever, your house your rules, I’ll get over myself. Would be cool if you used it a bit less than that. The other thing, you talked about Massachusetts while showing the Texas state capitol building, flag and all. Lol

[@snazzlebaz125]

The kinetic typography looks cool. But its hard to keep up with on double speed

[@andrewa3276]

Great video quality and glad to have you back! Please consider making a summary at the end of your videos. Just like how you make a content breakdown at the beginning, it really is crucial for a well-rounded presentation

[@robrick9361]

18:36 I assume you haven't watched a Disney film from this decade.

[@Ayogenius67]

This is the video I was looking for years,more love form 🇺🇬

[@tiburcee]

Please stop this new style of editing, the old one was just great

[@ttld678]

Brothers and sisters HE’S BACK!!!

[@jesseringle2979]

Saying Disney isn’t a monopoly is an absolutely insane take

[@lilbaz8732]

In 2019 (pre covid) disney made 10 movies. 792 movies were released in the us and canada. Disney are not a monopoly (single seller). They just have a huge box office because their films are very popular.

[@kassiogomes8498]

You don't understand the meaning of monopoly

[@mistermiles3271]

Monopoly doesn't mean big company, in means a company that controls most of the market. IE, Google has a search engine monopoly. Most of the movie industry is consolidated into a small few studios, but none of those studios on their own rises to the level of a 'monopoly'. If you went to a movie theater rn, and counted all the movies being shown, Disney would probably constitute ~30% of the films. It's a huge share and a lot of control, but plainly calling them a monopoly is an absolutely insane take

[@AU-hs6zw]

I like the new animations and transitions 👍

[@edmundthespiffing2920]

Why is this episode so fast? The editing is bad Mister Economics man. Plz return to the old editing!

[@Je.rone_]

Hopefully yall believe me now when i say yall are the best economics channel on KZbin... trust me i looked

[@maneeshahooja]

Informative. Thank you.

[@kaleomariz1000]

In Brazil child advertising became illegal in the early 2000’s. The government here said that in a poor country where children barely have enough to survive sometimes, it was soul crushing for a kid to be hypnotized by toys that they would never in their lifetimes ever have. However, there was a downside: no more cartoons for kids in mainstream TV.

[@inamabbas1807]

I've been keep coming back to your channel looking if I missed a video. Where were you? We missed you bro :D I learned so much from this channel about economy of everything. Keep up the awesome work

[@prasadpawar7027]

What a madlad! He learned Kinetic Typography and Drawing on Skillshare while he was away just to be honest about his sponsorship.

[@Dogmuff1ns]

One step closer to the economics of economics explained

[@jonyp4689]

the moving typography is really, really unpleasant

[@Rob_-dv6ei]

This. This is the video I needed.

[@peterganov4360]

I am glad you started uploading again, but the change in editing and delivery is too much. I feel like I was watching the video on 1.5 speed, both in terms of words per minute and in terms of editing. This may be good for shorter videos. But when it comes to 20 minute videos it is too much. I would suggest to either slow down or make the videos significantly shorter.

[@timblu5029]

Finally!!! Welcome back 🥳🥳

[@kevinikeonu3844]

Best video I’ve watched on YT in a while

[@kiemruach6266]

Welcome back, Mr. Economics man!

[@XaurielZ]

Just a little note on film tax credits. Every province in Canada has one, except mine. The conservative government decided to axe it because they thought it was a waste of money. What ended up happening is that the entire film production industry pulled up stakes and left the province. Hundreds of my friends were left with no job.

[@XaurielZ]

@Economics Explained sorry, I don't have a phone right now

[@kerblness551]

Thanks for the great content always!

[@thetreasurechest6728]

No one has fully watched this video... Why are you in the comments section? (Posted 9 minutes after the video)

[@abrvalg321]

18:36 no, they don't. Not anymore.

[@cuckoonut1208]

"Hollywood Accountants." Sounds like a hit streaming show to me. Make it so.

[@puertodesuerte415]

Do an episode on the economics of Somaliland

[@timblu5029]

Please do the music industry next, explain who their streams of revenue have evolved and how artist contracts work. Thanks❤️

[@sdmugabe]

He's back! 🙌🏾

[@peyoteplante]

hey mate, your one of my favourite channels on youtube. thanks for the content!

[@fzigunov]

0:46-0:49 Why animate the text like that? Are you showing off your skills? LOL!! (I like it!!)

[@fzigunov]

1:38 oh... I get it.

[@EconomicsExplained]

yup yup, admire the mad skillz

[@marcuse9011]

love your video! Greetings from Sweden

[@JoelReid]

I used to work as an usher in a cinema and my manager pointed out that it was essential to have the best possible service at the candy bar becasue the profits from the tickets almost entirely went to the utility bills, The profit from the candy bar went towards wages. While not entirely accurate from a budget sense, it is justifiable as utility bills are a necessity, whereas employees can be altered. This is also why cinemas are often hesitant to put staff on part time or full tiem contracts and instead employ them casually, as it allows them to adjust hours when ticket sales (and as a consequence, candy sales) are down.

[@abelzatyko1513]

In all honesty the kinetic typography is just awful.

[@tonimaroo1948]

Can you do an episode on Indonesia? It’s a economy that may grow very fast and be important in the future so I want to hear your opinion on it.

[@markusmuller560]

Love this video, nice to see the cool new graphics. Keep up the awesome videos so we can keep watching!

[@michaelroland201]

It’s about time mate! You’ve been quiet for a while

[@michil.1192]

This is the first video I've seen which is not sponsored by Acorns

[@galahadcf]

Was the overlap between your video this week and Tom Scott's video this week intentional? If not, that's pretty funny. Great video my dude.

[@sauvikneogi]

Long time no see!

[@EconomicsExplained]

indeed it has been a while.