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The Financialization of Modern Media

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

Daniel Bessner and Derek Davison

December 17, 2024

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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

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.

Working Class Wins, plus Hot Rod Racing | Start Making Sense
byThe Nation Magazine

Hotel and restaurant workers in Los Angeles won a $30 minimum wage last week, Disneyland workers are getting $233 million in back pay, and Wisconsin public employees regained collective bargaining rights. Harold Meyerson reports on some victories in the class struggle in America.

Also: a special feature: novelist Rachel Kushner reports on the world of Nostalgia Drag Racing, where people make machines – with their hands. One of them is her teenage son.

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


Derek DavisonDerek 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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