Silicon Valley Invading Hollywood (Again)
Back in 1993 it was “multimedia CD-ROMs” that was going to revolutionize Hollywood and then in ‘96 the “Internet” was going to revolutionize Hollywood. In the ashes of the dotcom bubble it was videogames once again and now like clockwork the pendulum has swung back to the “Internet” meme.
Perhaps some of you saw the LA Times piece on Yahoo’s new Santa Monica lease for a 1,000 employee campus.
Yahoo’s headquarters will remain in Northern California, but the vast expansion in Santa Monica will split the company’s center of gravity between Hollywood and Silicon Valley. Yahoo’s newly formed media group, headed by former ABC television network Chairman Lloyd Braun, will be based in Yahoo Center.
That will allow executives to rub elbows with Hollywood deal makers without the hassle of flying in from Northern California, said investment banker Gary Adelson.
Sometimes I wonder if the journalists are cackling over such thinly disguised puff pieces. They probably had a Kazaa window open downloading the studio pre-release du jour as they typed it up. Yahoo’s desire to snag a piece of the entertainment industry action is nothing new as they already have a large westside office. The timing of this release comes just after the announcement that Yahoo and Google have both released new TV/Video search tools and it makes one wonder why we haven’t gone down this road before.
One hint kids: it contains the words “copy” and “right.” Those are the only hints you’re going to get. Good luck.
I wonder what CinemaNow and Movielink think of all this. After all they are owned or have deals with all the major studios. What’s that you say? You’ve never heard of or used them? It’s totally the wave of tomorrow (I tried to keep a straight face while typing that but failed miserably).
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