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Why black filmmakers go broke
Why black filmmakers go broke?

They will sink 10's of thousands of dollars into a movie, make one really good project. Make a great film. Then go out and try to sell it. Living on a hope and a prayer "Hope Lions Gate buys this movie. hope Warner Bros Studios will buy this movie. Hope Netflix will buy this movie." What happens? No one buys the movie.

Economic systems and markets are like a see-saw: to make a see-saw work, you need two people on the see-saw. Weight on both sides of the see-saw.....A consumer needs a producer and a producer needs a consumer. An investor needs an investee. An employee needs and employer. A renter needs a owner/landlord they can rent from....The black community has an oversupply of consumers, an oversupply of borrowers, an oversupply of spenders an oversupply of employees....We have an undersupply of producers, an undersupply of investors, an undersupply of owners. What effectively occurs is the you will have imbalanced markets.......we might have a lot of producers but not enough people who understands the distribution and monetization aspects of the entertainment industry.....black children aren't trained on distribution aspects, the financing aspects, creating all the different economies that are necessary, or the different markets that are necessary to build an economy: the market for capital, the market for contractors, the market for customers.......The black community has an oversupply of people who make films, but we have an undersupply of those who can provide the distribution and monetization.
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[JCK: this is about customer adoption...."[Reid ]Hoffman urges his followers to find their own levers and devices to encourage people to adopt their technologies. Entrepreneurs, he says, often spend too much time creating products and too little figuring out how to get people to use them."
African-Americans  bankruptcies  Boyce_Watkins  customer_adoption  filmmakers  producer_mindset  two-sided_markets  Warner_Bros. 
9 weeks ago by jerryking
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