As HBO Max and Netflix recede, how much is a library really worth these days? (To flourish)

Last week, at an expensive Brentwood cafe, I sat down for iced tea with two longtime Hollywood businessmen to talk about the crazy business of Hollywood amidst the 20 different tectonic shifts that transform everything.

Dealmaker One suddenly exclaimed that the two of them should form a fund to buy streaming shows that have been on the market for more than two or three years. After all, he said, most “old” programs are basically dead, lost in the algorithm, invisible to most customers when they navigate through a service’s interface. Yes, old shows can be found if you’re really looking, but otherwise they’re out of sight, out of mind. He might as well be sitting in a vault in Santa Clarita.

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