8 posts tagged with economics by Potomac Avenue.
Displaying 1 through 8 of 8.
Bug Man Pete and I are out on the front porch at Hank Dietle’s Tavern, the last roadhouse in Montgomery County, watching the traffic crawl by on Rockville Pike. An exterminator by trade, he’s finished battling vermin for the day and is ready for a few cold ones. A pitcher of draft beer is on the table, and a lit Maverick cigarette is in his hand. He’s feeling good, as he usually is at Dietle’s. [He] has been coming here for almost half of his 56 years. But people like him have been coming to Dietle’s for a century. They were here when the Pike was a rural toll road. They were here when cold, cheap beers were illegal. They were here when Metro dug its tunnels underneath and when a gleaming new mall went up across the road. Now that the mall has been shuttered, they’re still here. -- Washingtonian Magazine on the Last Roadside Divebar in Suburbia.
According this latest numbers from IFPI, while the music-buying audience in the USA is still the biggest in the world, the most valuable music fans are actually the proud people of Norway. This may be due, in large part, to the fact that since 2009 piracy in Norway has plunged by 76%.
In the Billfold: a tale of a day-long tryout for an early stage startup, the author dubs The Start-up From Hell. The COO responds in Valleywag, "While it posted today (October 21), the article [...] relates to an experience she says she had 15 months ago. [...] At that time, Handybook employed less than 15 people. Today, Handy is two and a half years old and employs 200 people. [...] In short, as we continue to grow we're working every day to ensure the happiness of our customers and employees." [more inside]
"Using contractors it calls "brand ambassadors," Uber requests rides from Lyft and other competitors, recruits their drivers, and takes multiple precautions to avoid detection. The effort, which Uber appears to be rolling out nationally, has already resulted in thousands of canceled Lyft rides and made it more difficult for its rival to gain a foothold in new markets. Uber calls the program "SLOG," and it’s a previously unreported aspect of the company’s ruthless efforts to undermine its competitors."
There is a fundamental disconnect between large-scale, for-profit media and the crushing power of enthusiasm, which is that when they try to control it, it instantly isn't real. It's patently unreal. It's excitement given life by force, Pet Sematary-style. But when they don't control it, it isn't profitable. And that means that when they run into people excited about their stuff, they vacillate between an Ebenezerian lack of generosity and a Professor-Harold-Hillian smarm. To own enthusiasm and to exploit it are competing instincts, much as they often seem to be twins. You can, in fact, sometimes best exploit it — or only exploit it — by leaving it alone. -- In what could be considered a Metafilter Manifesto, Mefi's own Linda Holmes takes on the multivariate economics of fandom and the internet.
Few industries would routinely pay millions per unit of an item, sight unseen, with minimal (and sometimes no) market research. So how can the TV business afford to operate this way? To understand the economics of scripted television, we need to examine the idiosyncratic journey of a show from concept, to pitch, to script, to screen. And we’ll see why, in a business where only a few hits stand out any given year, lavish spending is the cost of staying relevant. -- The Economics of a Hit TV Show
This month, citizens and planning officials in Cape Cod, Mass., will get a chance to do what almost no one else in the U.S. is allowed to do when deciding whether to approve or reject a big-box retail development: weigh the likely impacts on the region’s economy. [more inside]
Last week a debate erupted in the US comedy community between stand-up comedians (like Kurt Metzger and Mike Lawrence) and the Upright Citizens Brigade Theater about the fact that at none of their three theaters pay any of their performers (including UCBEast in New York, which often has Saturday Night Stand-up shows). Other comics such as Chris Gethard eloquently came to their defense. This week two of the founders Matt Besser and Matt Walsh released an episode of Besser's pocast Improv for Humans that goes into details about the club's philosophy, including why they have never taken any money from founding and running the theater. [more inside]