Interesting article in the LA Times on striking writers negotiating with VCs to set up new online entertainment companies. These groups are looking to start small, web-based entertainment companies. Key quote:
"We are one Connecticut hedge-fund checkbook, one Silicon Valley server farm and two creators away from having channels on YouTube, where the studios don't own anything."
Media in all forms continues to fragment with and small media companies are flourishing is a wide variety of media segments. Entertainment is no exception and while most writers will return the studios after the strike, many will move to small entertainment companies.
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