Morning Update – Sept 9: Hollywood business model trouble; Buzzfeed profitable; How to do sponsored content
New York Times: Hollywood’s Tanking Business Model – The American film industry is facing growing challenges to its business model.
“A number of economists are coming around to a more unsettling idea: The summer-blockbuster strategy itself may have tanked.”
The Guardian: Buzzfeed moves into profit – Buzzfeed Founder Jonah Peretti has told staff they will be one of the biggest sites on the web within a year
“Some of his memo to staff will make depressing reading for newspaper journalists. He talks of building the site’s “long form features” and describes the company’s potential to become “a defining company, the role the traditional media companies played decades ago.”
