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# Merchant: How Silicon Valley mind-set begat Hollywood's strike
- URL: https://werd.io/merchant-how-silicon-valley-mind-set-begat-hollywoods-strike/
- Published: 2023-07-24T01:04:49.000Z
- Updated: 2023-07-24T01:04:49.000Z
- Author: Ben Werdmuller
- Tags: #Import 2025-06-13 09:21

It's an interesting grift in a way: VC-subsidized startups changed an incumbent industry enough that its existing companies began to think that these new ideas were good business. But they never were, and it ate them from the inside. [#Media](https://werd.io/tag/Media)

\[[Link](https://www.latimes.com/business/technology/story/2023-07-21/column-hollywood-sag-aftra-strike-strike-silicon-valleys-magical-thinking)\]