Ovitz: CAA's culture ate Hollywood just like a16z's ate venture capital
Michael Ovitz · a16z Podcast | New Upstarts in an Old Industry · Jan 2, 2019 · at 32:39
Creative Artists Agency (CAA) co-founder Michael Ovitz compares CAA's impact on the entertainment industry to Andreessen Horowitz's impact on venture capital.
0:00 / 0:05exact quote · 5.3s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Our culture ate the entertainment business. It just did, and so did the Andreessen Horowitz culture.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Michael Ovitz
Ovitz: Building a traditional movie star is no longer possible today
“The idea of building a movie star now is not possible.”
Ovitz: CAA could not have succeeded using a less aggressive approach
“Someone asked me the other day, do you think you could have done it differently in the day? And I don't think that we could have because we were in a cutthroat business to start with.”
Ovitz: Golden Age Hollywood moguls were far more ruthless than CAA
“If you go back to the moguls of the thirties, forties, and fifties, the mayors, the Thalbergs, the Harry Cones, the Jack Warners of Warner Brothers, William Fox, you know, founded Fox Studios. These guys were tough as nails. They took no prisoners. They made u…”
Ovitz: Streaming capital and direct distribution make this a golden age
“It's a great time to be a creative person, because we went from a dearth of money to more money than anyone needs, and a new form of distribution.”