Podcast / American Prestige / Dec 17, 2024

The Financialization of Modern Media

On this episode of American Prestige, Andrew deWaard on his book Derivative Media: How Wall Street Devours Culture.

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The Financialization of Modern Media w/ Andrew deWaard | American Prestige
byThe Nation Magazine

On this episode of American Prestige, Danny speaks with Andrew deWaard, assistant professor of media and popular culture at UC San Diego, about his book Derivative Media: How Wall Street Devours Culture. The two discuss how the falling rate of profit shapes the modern media landscape, the increased drive toward consolidation in entertainment companies, the big movers like private equity firms, hedge funds, asset managers, and venture capitalists, artists' limited ability to defend themselves, the rise of IP, and more.

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On this episode of American Prestige, Danny speaks with Andrew deWaard, assistant professor of media and popular culture at the University of California–San Diego, about his book Derivative Media: How Wall Street Devours Culture. The two discuss how the falling rate of profit shapes the modern media landscape, the increased drive toward consolidation in entertainment companies, the big movers like private equity firms, hedge funds, asset managers, and venture capitalists, artists’ limited ability to defend themselves, the rise of IP, and more.

The Nation Podcasts
The Nation Podcasts

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.

US-Ukraine Tension, RSF in Sudan, and Trump's Proposed Defense Budget Cuts | American Prestige
byThe Nation Magazine

Danny and Derek are back with the news, but without much of a choice. This week's American Prestige News Roundup: the US and Russia meet in Riyadh to discuss future bilateral discussions to end the war in Ukraine (0:38); Ukrainian president Volodymyr Zelenskyy and Donald Trump feud in public comments (3:38); The Daily Telegraph reports on a US mineral rights deal that Zelenskyy rejected (8:22); in Israel-Palestine news, Saturday’s hostage exchange was successful (12:49) and Hamas offers an expedited hostage release schedule (15:08); Israel decides to ignore the withdrawal deadline in Lebanon (19:26); the US State Department decides to change the wording on a fact sheet about Taiwan and China responds negatively (21:58); in South Korea, former president Yoon goes on trial (24:43); the RSF militia in Sudan attempts to form a government and controversy ensues (26:35); in the Democratic Republic of the Congo, M23 (supported by Rwanda) takes Bukavu while continuing to advance north and south (31:10); Argentinian president Milei is accused of a rug pull after the cryptocurrency he endorsed collapses (33:34); and in the United States, Trump and Musk fire National Nuclear Security Administration workers without understanding what their jobs meant (35:34), and Trump proposes cutting the defense budget (39:09).

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Daniel Bessner

Daniel Bessner is an historian of US foreign relations, and cohost of American Prestige, a podcast on international affairs.

Derek Davison

Derek Davison is a writer and analyst specializing in international affairs and US foreign policy. He is the publisher of the Foreign Exchanges newsletter, cohost of the American Prestige podcast, and former editor of LobeLog.

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