Pearls and Talent

Like pearls in the ocean, talent is hard to find.

We hear every day of the latest multi-billion dollar media company developing its own contents for streaming. Include Netflix, Disney, Amazon, Hulu, and more. There are so many, you can find top-ten lists. They are spending multiple billions on their ventures, making serials, documentaries, games, and films with large budgets. Thus, in addition to Hollywood, cable and broadcast television, we have a host of Internet contenders.

It might be considered when only Hollywood and TV were the only sources of entertainment, there was a surprising number of flops and B-movies. Some TV series lasted only a few episodes before cancellation. Some Hollywood movies never make it to the theaters but are sold off to the networks. Why??? Talent. There is just not enough. For the current crop of providers, talent is needed to create huge volumes of entertainment media. One result is the large number of unscripted talk and opinion shows. Cheap to produce, they fill air time.

The result will be massive numbers of movies and series that will scarcely last longer than a first airing.

I predict the media market will soon be saturated with underperforming content. Look for some prominent business failures. Be careful about investment in media IPOs.

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