This book has argued that the American media sector is being devoured by Wall Street. The financialization of the cultural industries is leading to a reduction in the scope, heterogeneity, and diversity of our media culture. It is redistributing wealth upward, making creative work more precarious, and producing derivative, intellectual-property-based culture.

DEFINE: Defines 'financialization' as the process by which Wall Street ownership of cultural industries reduces heterogeneity, redistributes wealth upward, and produces derivative IP-based culture.

Andrew deWaard, Derivative Media, loc. 454