The Financial Times reports that Bob Iger at Disney is trying to shake things up in Hollywood.
“The business model that underpins the movie business is changing,” Mr Iger told the Financial Times “If we don’t adapt to the change there won’t be a business – that’s my exhortation to my team.”
Bottom line? Studios are becoming master marketers and distributors and leaving the up front capital intensive high risk production game to others.
“It creates a business out of distributing movies made by other talented people, without committing our own capital,” said Mr Iger.
With the turn to moderation underway at the Writers Guild and SAG one wonders if the Hollywood labor can keep up.