I already know how stupid they think we are...

[lagilman]

the question to ask is -- how stupid ARE we?

something to chew on, from the Daily Media newsfeed:

"The four US television networks in a pay dispute with Hollywood television writers over online video advertising are in line to generate $120 million of revenues in 2007 from free Web streaming of their content, according to a leading media buyer. The total online video advertising market will be worth close to $1.3 billion this year after doubling in size in 2006, according to Accustream."
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Huh. That's the free Web streaming the networks claim they can't afford to pay writers for their content contributions, because they 'don't think there's any money in it.'

Comments

[jhetley.livejournal.com]

Attributed to P. T. Barnum, and probably misquoted -- "No one ever went wrong underestimating the stupidity of the public."

[lagilman]

which is why I am privately held.

/rimshot

[otterdance.livejournal.com]

Thanks for not scaring the horses. ;-)

[otterdance.livejournal.com]

"Sunlight is the best disinfectant."

The more the public hears about these fat cats, the better. What is it about writers that makes so many people want to screw them over? Without writers providing "content" (a term invented by Philistines, I'd guess) what would they have to embed their ads for hemorrhoid cream, soft drinks, and luxury cars? You do know that the actual shows are just the matrix for these nuggets, right? Grr.

Grumpy Otter

[j-bluestocking.livejournal.com]

Can you point me to the specific source for this?

[lagilman]

Financial Times, November 29th, via ft.com