Source: Monday Note
Stephen Galloway – The Hollywood Reporter:
For 100 years, Hollywood has been defined by the majors. That may be about to change.
The studios lost the first pillar of their empire when they were forced to give up theaters. They lost the second pillar when they ended the “factory” system through which they held talent in their control. They lost the third pillar when rivals such as Netflix managed to create their own libraries. Now there’s only one pillar left: distribution. And soon that will be gone, too. Facinating all together here
(Adage.com) – CEO of Major Facebook Publisher: ‘This Is a Big Change for All Publishers’
The media industry responded predictably to an announcement from Facebook Thursday that articles using so-called “clickbait” headline tropes will get lower billing in the social giant’s all-important News Feed product, which publishers rely on for sweet, sweet referral traffic. (Sponsored posts will not be affected by Facebook’s efforts to target clickbait, a spokeswoman confirmed.)
Full article here