The media industry's economics have inverted. The greatest career and financial opportunities are no longer in big-screen cinema but on the smallest screens (mobile). This mental model suggests that professionals' returns on human and financial capital are highest when creating content for mobile-first platforms, not traditional film.
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For professionals in declining fields like Hollywood production, reinvention requires abstracting core skills. A line producer's expertise in organization, vendor management, and execution is directly transferable to a growth sector like high-end event planning, which capitalizes on the consumer shift from things to experiences.
High-stakes bidding for legacy media assets like Warner Bros. is driven by status-seeking among the ultra-wealthy, not a sound bet on the future of media. They are acquiring prestigious "shiny objects" from the past, while the actual attention economy has shifted to platforms like TikTok and YouTube.
The biggest growth driver is mastering platforms where attention is currently underpriced. Businesses often fail by romanticizing past tactics or obsessing over future trends like the metaverse, completely missing the massive, free opportunity available in the present.
Marketers chasing trends on 'cool' platforms like TikTok create an imbalance where massive, older platforms have huge audiences consuming features like Facebook Reels but few creators serving them. This supply/demand gap for attention creates a significant, underpriced marketing opportunity.
The algorithmic shift on platforms like Instagram, YouTube, and Facebook towards short-form video has leveled the playing field. New creators can gain massive reach with a single viral video, an opportunity not seen in over a decade, akin to the early days of Facebook.