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Comment Feels weirdly inevitable (Score 1) 153

Amazon bought rights to the Lord of the Rings and produced one series that was ok then another that bombed. It's quite possible that there will be no more to follow. You can argue about why that was - I would say poor writing and straying way too far from the source material, others would say 'DEI' or similar - but, either way, the result was clear. It would be nice to think that they learned their lesson from that and will approach Bond differently, but I have no real hope that they will. Bezos apparently said "entrepreneurs must be willing to be misunderstood for long periods of time". That approach clearly doesn't work for media franchises. If you keep producing material that people don't like there won't be a sudden mass epiphany when your genius is finally understood, it will merely entrench negative opinions.

Comment It's A Crypto Bank Run (Score 1) 111

Only without a lender of last resort available to bail them out. And without deposit insurance. They took short term deposits and made long term loans, a rookie mistake in any form of banking. What will be interesting to see is how much their operating costs and economically unviable "interest" payments have eaten into depositor funds. That is, do they have just a liquidity crisis or a full solvency crisis? My bet is the latter but, since, they're largely unregulated, we won't actually find out until the dust has settled.

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