Jamal Awil

← Derivative Media

Wall Street finance destroys Hollywood studios and enables consolidation. [fact]

Relativity ended in corruption, two instances of bankruptcy, and a new group of investors failing to resuscitate it, while Legendary was acquired by Chinese media giant Wanda—two more examples of the destructive and consolidating impact of Wall Street finance in Hollywood.

XREF: Connects to broader pattern of private equity and financialization hollowing out creative industries, comparable to news media and music industry consolidation.

Andrew deWaard, Derivative Media, loc. 297