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The entertainment business is and always has been about…

“The entertainment business is and always has been about money, and it's about, 'Does that person merit that salary?' The fact is that that the business, in my view, has been somewhat bankrupt for years - only the new media made it viable.” quote by Mike Medavoy
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“The entertainment business is and always has been about money, and it's about, 'Does that person merit that salary?' The fact is that that the business, in my view, has been somewhat bankrupt for years - only the new media made it viable.”

Mike Medavoy

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

The entertainment industry prioritizes profit over merit, leading to financial instability until new media revived it.

In simple terms: Money drives entertainment more than talent.

Key Takeaway

Focus on creating value beyond profit.

Themes

money merit industry health

Mood

cynical analytical

Type

observational critical

When to use this quote

  • film production
  • talent scouting
  • salary negotiations
  • media investment

Key Concepts

economics media studies

Questions to Reflect On

  • How can merit be better measured?
  • What role should audiences play?
A Different Perspective

Profit motives can also fund artistic risk.

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