Subtitle Synchronization: combining of two or more elements

“But what is work and what is not work? Is it work to dig, to carpenter, to plant trees, to fell trees, to ride, to fish, to hunt, to feed chickens, to play the piano, to take photographs, to build a house, to cook, to sew, to trim hats, to mend motor bicycles? All of these things are work to somebody. There are in fact very few activities which cannot be classed either as work or play according as you choose to regard them.”  -George Orwell, The Road to Wigan Pier 

The month of July, in preparation for the summer holidays, I will be sharing original content from my work and observations of the similarities to the creator economy with deep tech companies.

The Writers Guild of America strike that began on May 2, 2023 continues as of the date of this blog post – 2 months and one week.  The labor union representing over 11,500 screenwriters is requesting right sizing of the residuals associated to streaming services: limited usage of artificial intelligence in the writing process and other elements.  While agreement on a new contract between them and the Alliance of Motion Picture and Television Producers has yet to be reached, the real life scenario is an excellent backdrop to this month’s theme: The Creator Economy.

The theme of the month of July at Next Act Advisors is “The Creator Economy.” 

 The digitalization of the economy has lowered the barriers to entry for creating businesses at scale, and the creator economy is nipping off some of the value created in the “analog economy. “ 

This month’s blog coincides with the 15th anniversary of the launch of the App store on the iPhone on July 10, 2008 with a whopping 370 billion downloads; developers earning more than $320 billion and the App Store has facilitated more than $1.1 trillion in billings and sales last year (2022) as reported by this  article by Statista  “The Trillion Dollar App Economy.”This content is available to subscribers only. Subscribe now or log in if you are already a subscriber.