Going bi-coastal
July 18th, 2008 by 
admin
A few months back, Fortune asked me to move from New York to Los Angeles, and I readily said yes. From the canyons of Sixth Avenue in New York, the Hollywood studios seemed like just one tentacle of the information conglomerates, and one that was increasingly less central to their futures. And yet, whenever I came to LA, I was impressed and slightly bemused by the sense that the denizens of "the industry" there still believed that the media universe orbited around their stars - their mostly distant corporate overlords be damned. In one important respect they are right: Regardless of the relative profitability of film and TV programming, it remains the principal engine that drives the dream factory of popular culture.
Posted in CNN Money | 