An Interesting Bit of News…
In a month with a lot of entertainment news, this event sort of stood out. But here is a paragraph from Jane Freidman’s newsletter called Hotsheet that I found fascinating about the purchase. (You should subscribe to the newsletter, trust me.)
“The $8.45 billion acquisition includes a catalog of 17,000 TV shows and 4,000 films. The press release quotes an Amazon executive as saying, “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling.””
You really got to note that Amazon is talking about IP and how they are going to use it going forward.
Book writers take note.
Friedman talks a lot about what she calls the creator economy.
She is spot on the money in so many ways and Kris and I are going to be talking a lot about this in different ways in the Business Master Class classes coming over this next year. And Kris in her business blog will be covering it more and more over time. Might want to support her on her Patreon page to get all the different blogs she is doing on this and other publishing topics.
Just the fact that Amazon paid 8.45 Billion for IP should tell you that what you are writing has value going into this new future.
I didn’t include this in the many reasons to not get near traditional book publishing, but it will soon be the biggest reason. Kris and I and WMG Publishing make a large amount of money in this Creator Economy. And it is just growing and expanding.