I don’t think it is as simple as that. In the end the industry also reacts to wider market trends and is only partially responsible for the decline of innovation supply side.
And that old, rehashed cultural ideas (music, movie what ever) are more popular then ever does carry cultural and societal significance.
Let’s talk in real term and not in abstraction “industry”, “market trend”.
Netflix and spotify are two huge cultural corporations. Their products are basically complexes recommandations engines. Netflix even drive scenaristics choice with AI. An algorithm do not seek risk, novelty, surprises, it is optimized for satisfaction of the audience.
On nostalgia in culture I would recommend reading retromania by Reynolds
I don’t think it is as simple as that. In the end the industry also reacts to wider market trends and is only partially responsible for the decline of innovation supply side.
And that old, rehashed cultural ideas (music, movie what ever) are more popular then ever does carry cultural and societal significance.
Let’s talk in real term and not in abstraction “industry”, “market trend”.
Netflix and spotify are two huge cultural corporations. Their products are basically complexes recommandations engines. Netflix even drive scenaristics choice with AI. An algorithm do not seek risk, novelty, surprises, it is optimized for satisfaction of the audience.
On nostalgia in culture I would recommend reading retromania by Reynolds
https://www.nytimes.com/2011/08/14/books/review/retromania-by-simon-reynolds-book-review.html