Business Quote by Mike Medavoy
“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.”
About This Quote
Source Interview: Variety Magazine, 2015
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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![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)