In short
The episode debates whether “content creator” has become an overused identity and how the creator economy actually works, focusing on micro-influencers, platform dependence, and monetization. It cites Illuminate’s claim that 39% of Americans self-identify as content creators, and contrasts that with only 4% earning over $100k. It argues brands increasingly prefer micro-influencers: Unilever allegedly scaled from 10,000 to 300,000 paid creators, favoring 10k–100k follower accounts for higher engagement (about 3.2% vs ~1% for macro). Examples include dentists posting flossing tips to drive patient behavior, and the idea that creators “work for the algorithm.”
Guests
Marina Hyde and Richard Osmond (hosts). No external guests appear in the transcript.
Key claims
creator culture is “always-on” labor; AI will turbocharge creation; platform terms can abruptly end businesses; Letterboxd’s community-driven film reviewing is a valuable, potentially vulnerable asset (valued around $250m) up for sale.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOExploring Content Creation Statistics
1:19 to 3:37
Discussion about the rise of individuals identifying as content creators and its implications.
“We are going to talk about this idea that there's some incredible statistics about how many people self-define as a content creator these days, and we thought it was worth exploring that and what it means.”
The Shift to Creator Economy
3:37 to 6:27
How companies adapt to using micro-influencers and the impact on advertising.
“Media content has become democratized incredibly fast.”
The Role of Storytelling in Business
6:27 to 10:37
Importance of personal storytelling and transparency in modern business practices.
“So this is not going to get any smaller in the next few years, this idea of micro-influences.”
The Effectiveness of Micro-Influencers
10:37 to 14:00
Discussion on the engagement rates of micro-influencers versus larger influencers.
“AI is going to further turbocharge that because it's much easier to create things.”
The Rise of Micro-Influencers
14:00 to 21:16
Learn about the impact and dynamics of micro-influencers in today's economy.
“But Unilever have 300 ,000 of these and they want to massively scale that.”
The Rise of Micro-Influencers
21:41 to 22:40
Learn about the impact and dynamics of micro-influencers in today's economy.
“right at the end they're absolutely one of my favorite things yeah you never know In Marvel's ones, there used to be a mid-credits scene, and then there'd be an end-credits scene.”
Charli XCX: Following Up Brat
22:40 to 28:00
Explore how Charli XCX navigates her career post-Brat and the challenges of reinvention.
“I think, you know, I'm a big fan of Charlie X.”
The Pressure of Following Up Success
28:00 to 33:16
Explore the challenges artists face when trying to follow up major successes.
The Rise of Letterboxd
33:16 to 34:46
Discover how Letterboxd has become a significant film discovery platform.
“And there's a great book about it called The Man Who Had Voices.”
Letterboxd's Value and Community
34:46 to 39:49
Discuss the potential sale of Letterboxd and its impact on the film community.
“became huge in the pandemic, but this was one of the good ones.”
Show all 12 chapters
Recommendations and Closing Thoughts
39:49 to 42:00
Share book and show recommendations while reflecting on the episode's themes.
“This is why I think perhaps A24 would be the best fit for it.”
Weekly Recommendations and Reviews
42:00 to 43:58
The hosts share their favorite shows and books, highlighting their intriguing aspects.
“Well, it sort of fits into what we've been talking about.”
Transcript
Automatic transcript. May contain errors.0:00The Rest is Entertainment is presented by Octopus Energy. Now we're going to be talking about an expression which I hadn't heard till seven seconds ago, which is someone getting their flowers. Can you tell me what that means? Well, it means like you've been around a long time, but people suddenly think, hang on a second, you're amazing and you should be recognised. So you're finally getting your due, you're getting your flowers. And you're being garlanded. Now I would say someone like this is someone like Jean Smart, who plays the lead in Hacks. She plays Deborah Vance. Okay, Jean Smart is extraordinary.
0:29she did a huge amount of TV and stage work. And there was a sense that she was sort of always brilliant. But then this one role came along, Deborah Vance in Hacks. They literally just give her the Emmy every year now. She gets her flowers every year. She gets her Emmy every year. As we always talk about Octopus's customer service, your accounts run by about 10 or 12 people. You've got a small team. They know who you are. Yes. And they are permitted to send flowers every week to a customer who might just be going through something, whatever it is. So they can recognize it's not an apology it's just because someone was going through something and they you get your flowers another example of they seem to do business in a very interesting and customer focused way imagine if gene smart is an octopus customer might get her flowers twice yeah every week
1:18hello and welcome to this episode of the rest is entertainment with me marina high and me Richard Osmond. Hello, Marina. What are we talking about this week? We are going to talk about this idea that there's some incredible statistics about how many people self-define as a content creator these days, and we thought it was worth exploring that and what it means. Yes, we're going to be talking about Charlie XCX's new album and how you follow up an enormous hit like Brat. And we are also talking about the film website letterbox one of my absolute favorite websites in the entire world which is unbelievably brilliant but it's up for sale and everyone's worried it might no longer be uh quite as brilliant we shall find out i suppose okay are we all going to be content creators because illuminate who are the entertainment data experts they have they do a sort of six monthly report they found an unbelievable statistic which is that 39 of americans now identify as content creators.
2:1839 %? Nearly two in five identify as active content creators across digital platforms. And I think it's interesting, the word creator in itself is, you know, when everyone sort of had to stop talking about global warming and started calling it climate change, it's the word itself is now professionalized instead of just being like a YouTuber or an influencer, which seemed like it was from fake work. But tens of millions of people now identify as paid creators. I think that's extraordinary because we will get to the difference between just identifying someone and actually making money as one. But that means that there is a sort of massive middle class in the creator economy, which I think Goldman Sachs, they projected that next year it will be worth$480 billion, the creative economy.
3:10When we talk about creators, these are not just kids playing video games. These are dentists who come home at the end of the day and do dental tutorials. These are accountants who come home and talk you through spreadsheets. There is huge amounts of niche content out there, which is monetizable, which is made by professionals. But I think that 39 % of everyone being a content creator might be pushing it a bit. That self-identifying thing is doing a lot of work. But there's this incredible gig economy now of people taking their professional skills, finding a niche audience and then finding ways of monetizing the audience.
3:45It's a real thing. Yeah. Media content has become democratized incredibly fast. This has happened really, really quickly. But also the world of work is changing so rapidly that, as I say, hundreds of millions of people around the globe will identify as content creators. and that original Goldman report found that sort of 4 % of them made over$100 ,000 a year. I mean, that's still a lot, 4 % of a lot of people making a lot of money. So there's a few different areas. So we should start with business before we get into the every one of it. I was listening to something the other day with the CEO of Unilever, who's called...
4:24No, no, it's really interesting, right? You really do have a hinterland. Yes, I do. Okay, so Unilever is one of the world's largest consumer product companies. They've got masses of brands. They've got about 150 brands and things like Dove and Vaseline and Hellman's and whatever it is. They're one of those companies that owns all the other companies you've heard of. Yeah, and 4 billion people sort of touch one of their products every day, effectively, because they operate in 190 countries and it's kind of everything. But they don't have a product which is a Unilever? No, they don't. Which is a lever that does everything, like one of those remote controls that controls everything.
4:59a lever that does everything. If I was Unilever, that's what I'd be doing. They have 100 ,000 employees. But what's really interesting is that they've replaced, almost completely replacing ads with creators. They have scaled from having 10 ,000 paid creators to they have 300 ,000 paid creators. Yeah, and this is, by the way, what we would also call influencers. This world where we say people who are sending you things. That world has changed utterly. We think of influencers as people with sort of, you know, over a million followers on various things, which is what they now call a macro influencer.
5:34And the world we're talking about is the world of micro influencers, which is somewhere between 10 and 100 ,000 followers. So you can have 10 ,000 followers and be making money because Unilever, they've worked out that having a lot of small influencers is actually a much better bang for their buck than having two or three massive influencers. Or just traditional broadcast advertising. He's presided over this complete shift away from it. He says he wants one in every zip code, every postcode around the whole world. And so instead of that kind of top-down corporate messaging, it is all social first and creator disseminated.
6:11That's one big company, but it's really interesting to see that they are already on 300 ,000 paid influencers. That's insane. And also, by the way, not just one big company, but sort of a company that's always been at the forefront of advertising. It's always been at the forefront of branding and marketing and where we go next and where they lead. An awful lot of other people will follow. So this is not going to get any smaller in the next few years, this idea of micro-influences. Those are the small ones. But then equally in business, you've got, and people talk about this all the time now, founders can't just be, you know, you can't just invent your thing.
6:42Documenting it and posting about it is just a huge social activity. It's a massive part of the job. and you're expected to document your thinking publicly. It's not like an optional marketing strategy anymore. You have to build the product, then you have to run the company, but you have to be an always-on creator. You have to. You have to tell your story. Because there's no search traffic anymore. Yeah, and it's a familiar thing. That idea that the story behind a brand is very important and the origins of a brand is important. But now it's sort of everything. At the beginning, as you say, when you're launching a product, if you go for an IPO, you can see now that the, you know, Elon Musk is the most obvious example, but it happens all the way down that the founders of a company or the chief executives of a company have to be able to tell their own story in their own space before you have an IPO.
7:34I mean, you literally sort of can't do anything in any sphere now without going on camera and telling people what it is without posting. Yeah, I find it exhausting. Yeah. But then so moving down from that. There's a sort of middle class. It's interesting that there are so many now journalists who are sort of just like have become a creator. And there's a woman who's studying all these people who were just moving away from kind of traditional legacy outlets. And she said, there's not one creator that's losing sleep wondering, is the Washington Post or the New York Times taking my audience? Because that is not happening, but the reverse is.
8:10So these big kind of legacy things, people are moving away and people are moving into these kind of individual spaces. So the next thing you have to think of is like, is the creator economy, is it like a content industry? Or is it actually like an acquirable asset class? Clearly, like Unilever thinks it's almost like an asset class. It's, you know, an asset class is something like shares or whatever, real estate or bonds or something that performs, shares similar characteristics and kind of performs in the same way in markets. So, but life has become lifestyle content. So all of these people, the supposedly private self, everybody posts all things like their pregnancy tests or their child's first steps or everything.
8:50It becomes public labor all the time. And it started with things like the mummy bloggers. And then suddenly these people who were just doing something at home about, and then it really interestingly, you saw, oh my gosh, these people are now creators. They have these huge businesses, but it's now so far vast and it's everywhere i mean dating is completely enmeshed with it but this idea of creator as a social identity a lot of it is a form of i i you know you people want to say they're a creator why do you think that is it's like people have always wanted to say they're an artist yeah because it's you know there's because they are an artist at heart that's the point and you know lots of people in their hearts are creative and they are creators and this gives you the opportunity to self-identify as that in the same way that very very rich men and children are very very rich men have always self-identified as film producers but you know it's like it's a thing you can say and do i think personally i i think it's very good to have a any outlet for creativity i also think that it's great that it's reducing obstacles to genuinely creative people to make a bit of money as well but the idea that 39 of people self-identify as uh content creators is plainly absurd but that's you know i don't think it is but 49 of people in britain self-identify as working class i mean that's not true as well it's like you can't identify as what you want right there's an awful lot of right-wing bloggers who are self-identifying as content creators who uh don't let anyone else self-identify and you go but hold on you're saying that you're a content creator but you know you don't make any money so you're self-identifying i want yeah but i think i think that money doesn't have to be involved for people to feel that but creation is is now default behavior it's your if you you feel like if you're not doing it, then you're not participating.
10:35And that's been very, and obviously AI is going to further turbocharge that because it's much easier to create things. But there's that, what felt like a newish category, what they call a prosumer. So you're not like just a producer, but you're also a consumer. That's now, I think it's almost a cultural norm. It certainly is if 39 % of people are saying it. Well, it's, it's, there's two personality types. And this ties into it, which is people who are always on transmit and people who are mainly on receive. and culturally we've turned into a group of people who are always on transmit and that's you sort of think well we need receivers as well for this economy we can't we can't all be transmitting all the time but if you're a prosumer then you're both and that's what people are because they're sort of they produce stuff themselves but they are also the consumption is part of the participation so going back to that thing of like the most intimate moments of people's lives are posted But actually, people are just online all the time.
11:30And I've talked about this before, but you are basically, you work for the platforms. People spend five or six hours on these platforms. They work for the algorithm. every day every day that is if you did five to six hours of anything else you would be doing what we used to call a part-time job okay and they have other jobs they have other jobs but i actually increasingly think that their real role in the economy is the five to six hours they're spending online powering these vast and insane and insanely rich companies often for free so micro influencing is interesting i think and the reason why it's really really taken off because you would say about someone with 10 000 followers is that really of any use to a brand now the engagement is the absolute key and that's what all advertisers and all marketers look for so if you've got say people over at 1 million followers they get an engagement of about one percent and by engagement that could literally just be replying or it can be but the most important engagement of course is buying is you know putting some money into the ecosystem micro influencers have about three times that they have like 3.2 percent engagement so they've got far fewer people but the people who are following them are far more engaged.
12:37And because it is a more personal thing, if you follow Cristiano Ronaldo, there's 600 million people following him. And so you know a lot of those are bots, a lot of those are not. There's lots of natural wastage there. If you've got a dentist who has 12 ,000 people following them, those people tend to be quite engaged. They're following for a reason. They've chosen to follow that person. They chose to follow for very niche advice. If you're a dentist, I choose dentists because there are examples of these people making a million pound a year. Who become creative. who become creators uh all day every day you've got new patients coming in and you're saying oh by the way you're brushing slightly too hard or this is the new way to brush and make sure this is how i would floss not that and every time every single patient is saying oh god that's really interesting that's and next time they come back in go i really started flossing differently because of what you said thank you it doesn't take more than a couple of years of that to think i mean everyone I talk to really really likes this advice that I give why don't I just I'll sort of stick it on a video I've got a couple of hours at the end of the day I could do this get a ring light yeah I can get a ring light and so you show people how to brush how to floss you show them stuff that is obvious to you because it's in your professional wheelhouse but might be less obvious to them and suddenly everyone's like everyone's like that one individual person so instead of talking to one patient at a time you talk to 12 ,000 people it doesn't take long for an oral bee to go oh that's interesting this person lots of people seem to really really like what they do we will put some money into them and by the way just huge multiples less than you have to put into you know someone like stacy solomon or someone someone with huge followings we'll put some money into them we'll see what return we get on our investment and over the last few years they have seen time and time and time again that they're getting really really really good return on their investment that these people with smaller followers but more engaged followers are such a huge driver of the economy and people who people trust.
14:29But Unilever have 300 ,000 of these and they want to massively scale that. What can we do? We do. That's basically how we do this. I'm so sorry. You're involved in content creation right now. Oh, no. I know you've tried to stay away from it. I've fallen into my own snare. Yeah, but that is extraordinary that there are that many and they're just trying to really, really build that up. But what's more extraordinary is that it works. Yeah. That's the really, really interesting thing. It works so much better than the absolutely multiple millions and billions that they have effectively plowed into top-down corporate-led advertising.
15:01You see why the business of it works and you see why this is a viable job for an awful lot of people. If you're sitting there and you have a job that you're aware you can, you know things that other people don't know and things that people might find useful in their daily life, you can just start doing that. You know, don't do the things that everyone else has done. If you want to become a beauty blogger, that's done. There's people who are amazing that there's brilliant in that unless you've got a new angle but if you're a professional person who does something interesting that people don't know about you can make money out of that brands will give you money uh and if people come back and you get engagement they will give you more money and you will grow more people you know it's that's a that's an interesting job to do but everybody now works for the algorithm that's the problem with it i think that um is to do this you are relying on instagram or tiktok or whatever platform you choose and that can be taken away from you almost immediately so for example if you're on tiktok two ways of getting paid as a micro influencer firstly you get money directly from the client from a unilever or someone like that they will pay you for a post uh or they might put you on a retainer depends how that works but secondly um the place where you can really make money is that you get a share of any marketplace money coming in so tiktok has a very good shop front which people buy things through you get a share of that and that suddenly you're like but hold on I used to go into the dental surgery every day now I'm getting money every time someone buys a particular type of toothbrush suddenly I'm on$250 ,000 a year and I can just sit at home however TikTok tomorrow in the same way that you know Facebook have done with big publishers TikTok tomorrow could change their terms of service.
16:45TikTok tomorrow could end your business. And that's a very precarious place to be. But all work is precarious. And that's what people think now. I guess so. People think more and more that all work is precarious. And why would you not have a side hustle doing these things and always? Yeah, I suppose so. But if this is becoming such an enormous business, and the one thing we know about the TikToks and Instagrams and Facebooks of this world is the more money there is to be made the more they try and rake of it and that's probably coming out of your pocket is that i would say is uh is it's speaking to your point about that you've been completely reliant on the platforms and you are sort of working for the platforms as well everybody works in the content minds now everybody works down the content minds but um it's a very very interesting way of getting because the only way it really works is if you're good the only way it really works is if you have authority and if people trust you and believe you and you promote things to them that work for them because then they return so it has a meritocracy to it i mean as always i always think the hilarious thing of i bang on all the time about how um you know the there's fewer barriers to entry in the content um you know these days and how when i started in tv everyone was middle class and then you look at some of the big youtubers and influencers you go Oh, you all went to public school as well.
18:08There's something, you know, happens there. But I do think it's a 39 % of people saying they're content creators and a good number of people genuinely making a living out of it in a way that didn't used to happen. You talked about journalists as well. The other side of this coin, it's not just the… Because it's become the kind of aspirational identity. Yeah. But the idea now that bands and journalists and people on that side of things have their own patrons and can get paid individually by people, again, it's having that niche audience, but who really trust you and like you and believe in you.
18:38And if you're a content creator, I always think that podcast, Finn versus History, which is Finn Taylor and Horatio Gould. Someone's telling me the other day how much money they each make a year. And it's a huge amount of money entirely off their own back, entirely off people, you know, paying them directly, entirely off having a group of people who love what it is that you do and being paid directly. And that, by the way, is much less platform dependent than a lot of the influence and things. there are ways and means now of making money that there didn't used to be and i just think that you know we can sort of talk about the platforms and we can talk about oh god everyone's a creator but it's there's just there are so many people out there now who can make a living doing this who wouldn't have been able to do it five years ago yeah it's something about that it's got a huge middle class that's what i'm saying like for all economies if they have a successful and thriving middle class, then perhaps they're going somewhere.
19:34Yeah, this is definitely that. But, you know, it is very easy to sneer at the world of influencing, but it's gone somewhere different. I'm not, I think we're all going to be them. No, I mean, previously, you know, listen, I've written books where influencers have been the murder victims. You know, I've been, I've done it too. We solve murders, the first one, the next one is out in September. It is. But, you know, I think there is this, something has happened, something has changed, and there are a new group of content creators who can get paid directly by people to speak directly to a small...
20:06But it's vast. It's a vast class of them. But the idea of the nicheness of our culture being where the money is now and the idea of journalists being able to write a Patreon for, you know, not a huge amount of people, but for that to be a better living than writing a column for a national newspaper or something like that. You know, there's something good in that, isn't there? There's something, isn't there, in we're destroying the hierarchy of work. this idea that you go to work for 45 years at the same place and you have a boss and your boss has a boss and your boss's boss has a boss you are now if you are really good at what you do you don't have to wait five years to be promoted you don't have to go and sit in a meeting where people less talented than you are telling you what to do you don't have to constantly be sort of overlooked because somebody went to uh you know the same school as the person you're working for wants to get the job instead you can go home you can turn your ring light on you can tell people what it is that you do and how you do it and if they think you're good if you give value to them then you have a completely different way of making a living you have a completely different career you don't have that 45 years and a carriage clock at the end of it you have this hustle all the time it's graft all the time but there are ways and means of getting paid just to be yourself with your own skills i should say this section of the podcast is not sponsored by big ring light but you know if you're interested hit me up shall we go to some adverts and afterwards talk about charlie xcx we should do talking of macro influencers
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22:47welcome back everybody now charlie xcx one of the few people in show business to have a surname that's entirely made of roman numerals emania vidic is my other favorite has a new album out marina yes it's called music fashion film she says it's about process okay how did you find it Richard? I loved it. I think, you know, I'm a big fan of Charlie X. Yes, well, I always find interesting. So obviously, Brat was so enormous. That was two summers ago. Two summers ago. And this idea of how you follow up something that's absolutely enormous, I always find quite interesting. What she's done is sort of what Nirvana did after Nevermind, when they bought out In Utero, which is a bit scrappier, a bit kind of, no, we're not going to do this stadium stuff anymore.
23:27We're going to show you who we really are. And she sort of paired it back a bit as a bit grungier, a bit dirtier, a bit more guitar-y. So she sort of said, I'm not going to try and compete with this uber pop of brat i'm actually going to show you a different side of myself which i think is quite a smart way of following up something because you can't get bigger than brat you know and actually it was it's really interesting brat was such a i mean obviously we talked about it at the time for someone who'd been a sort of relatively niche artist she it became a complete phenomenon and i mean for me i find it quite depressing that like anything that it feels talking about monoculture, anything that feels countercultural that hits immediately becomes hoovered up and commodified instantly by the mainstream.
24:14I mean, some of the stuff that happened with Brat, you would not be wanting if you were a cool and edgy pop star. I mean, do you remember during the election, Kamala Harris changing her whole page to Brat? It's like, this is so, I find so much of what happened with it so awful. There's a certain thing about being too big because everyone climbs on everything. You know, you can't, you know, everyone is making, as we said, everyone's making content about everything. So everyone is making content about your thing because it's the thing that people are talking about. Yeah. It's a lot. It was really awful.
24:44And it was like the total mainstreaming of something. You know, she's supposed to be a sort of like edgy art school kind of club girl. And then I don't know. I have to say it's difficult. nowadays we particularly demand reinventions and pivots and people by saying how am I going to follow up you know by more of the same people feel they have to kind of reinvent themselves and that everyone's got to be in a series of eras if you will um and so you know I suppose she says oh I'm a contrarian I'm this is like some kind of interstitial album and I'm just going to do I found quite a lot of it quite phoned in I have to say but I also what I like about what I do like about it is the sense that like after everybody piled on onto brat and just joined the bandwagon perhaps it will serve as some kind of fandom cull which is what nirvana did with in utero yeah i hate these fans i want to get rid of these new fans which is very very common if you're charlie xcx and you're in the moment as you say brat was so enormous but you know she sat and recorded that in the studio with her mates and when it first started going massive she sort of starts counting the money and thinks oh my god this is insane and then as you say it goes super super massive and suddenly your public property in a way that you weren't before and suddenly everyone is thinking what is she going to do next that's a lot of pressure i think if you're charlie xcx you think i'm going to do 20 albums in my career you know they're all going to be individual ones this is going to be a good one you know can we talk about her time since then and what she has actually done because i think it's quite interesting so you obviously have this absolute monster hit that just gets co-opted by everybody she did the moment the a24 sort of mockumentary which it's weird i was really looking forward to that and i found it it was kind of less funny than it should have been and it was whatever but it's sort of about a meta version she is becoming very very meta anyway then she got a sub stack because you know she's an artist yeah um she said she talked a lot about film and she did the wuthering heights soundtrack yeah and then the first single from this new album she's saying the dance floor's dead you know it's all about rock music instead to a huge degree.
26:50It's so meta and it's supposed to be phoned in and like, does she get, you know, of course she gets the joke, she gets the joke before you, in fact, she just wrote the joke. I don't mean this. Yes, I mean this. No, I don't really mean this. It's difficult when any artist gets, we talked about this a bit with Harry Styles to the point where, and he actually took a long time away, where you get to a stage in your career where you can only sing about what it's like to be really famous. Yeah. And I always think that can be quite a difficult spot. It's, I mean, I think, you know, I want to talk about some of the other people who followed up massive hits and who's done it well and who's done it badly and i think she's done it pretty well i think she she seems to be in control of who she is you know it's just interesting things but i i just think you can't you can't judge on this brat was so huge and she's still charlie xx that she was five years ago she's still like a woman who just wakes up in the morning so you know she has to deal with all of that and that's quite difficult you look at something like um the people who follow things up best so fleetwood mac when that first when Fleetwood Mac itself came out and was like massive like huge and everyone's thinking oh my god you're never gonna follow that and there's no way you're following up Fleetwood Mac and they followed that up with Rumours which is by some standards one of the biggest albums of all time they sort of just did the same thing yeah but better they didn't feel they had to pivot yeah but now we live in a period where everyone has to reinvent yeah so Nirvana did pivot that's for sure Radiohead is a perfect example so the Benz and more particularly I think it had been so insanely enormous i'd say the creep was brat enormous yeah that you got these guys from oxfordshire who'd sort of you know they've been in a band for a while released this song that the world had just eaten up and i oh my god what do we do next easiest thing in the world there would be to do the ben's part two actually they come back with okay computer which if you look back is sort of a insane masterpiece yeah they then followed that up by the way with kid a where they go no this is the band we were all along okay computer was us just letting you know we just the bends and then they follow that up that's an extraordinary way to do that and they've got longevity and they've they've got that kind of life you look in movies you look at someone like tarantino who has to follow up reservoir dogs which again exploded like a bomb in culture it was huge and a huge movie you think oh my god how do you follow that up and forget true romance because that wasn't really a that wasn't his um he didn't direct directing he comes out with pulp fiction which has a lot of the stuff from reservoir dogs but shows the sort of genius of his filmmaking you know plays about with timelines you know extraordinarily iconic builds on everything that people had loved about uh reservoir dogs and comes back with that so you know it is absolutely doable you get someone like so donna tart with the secret history is a is probably the perfect example in books so she comes out the secret history it's almost impossible to have a more iconic book than secret history was absolutely enormous everywhere in the world the pressure to follow up that up from the publishers from everyone even back in those days of culture would have been enormous I mean, crazily enormous.
29:39She waits 10 years, does The Little Friend, which is a great book. Then waits another 10 years for The Goldfinch, which is another great book. So you can do it. You can follow up these enormous things. You can do it. But there's a lot of pressure. Most people fail. Look at Guns and Roses after Appetite for Destruction. They're in that Use Your Illusion era. What about the November Rain video, which is iconic? Listen, nobody loves November Rain more than me. Harper Lee. What about me? I like it more than you. Oh, do you? How much do you like it? Out of 2 ,000. No, just ask it. I'm not playing your game.
30:09No, I'm just interested because you said you liked it more than me. I like it more than you. Harper Lee and J.D. Salinger, both interesting. They're both, you know, Catcher in the Rye and Kill a Mockingbird. Harper Lee never... Huge Brat Summers. Huge Brat Summers. Those are the Brat Summers of their time. Yeah. You know, Harper Lee never follows up to Kill a Mockingbird. She does the kind of prequel which she'd written before. J.D. Salinger does a few short stories but really spends 45 years writing nothing at all. I mean, that's an option you can take when you've had a massive hit. Terrence Malick, after Badlands and Days of Heaven, doesn't make a movie for 20 years.
30:44It's hard to do it. And I think, you know, Stone Roses, oh my God, the perfect example. I mean, that was massive, the Stone Roses. And they think, are they going to follow this up? It's going to be amazing. And they did The Second Coming, which is absolutely fine. But it took them a long time, cost them a lot of money and was kind of fine. I think it's good. But none of them had to live in the culture that we have to live in now where you've got to be an always-on pop star. I mean, just saying the things she's done since, but in the old days, she could have gone away for three or four years and then come back.
31:14She's done The Moment, she's done her substack, she's done the Wuthering Heights soundtrack. There's a whole lot you have to do because you can never be off. You've just got to constantly produce or you fall, you know, by the wayside. That's why I like this album because it's not her. She hasn't tried, she's just made a good album with her mates. And that's all, I think that's all that you can have real control of. but quite apart from anything else you do in between times and who you are and how you promote yourself. When you're in the studio, that's all you can do is keep your head down, write some songs you like, record some songs you like, put them out, two years later, do that again, two years later, do that again.
31:50And I do think there's something that's incredibly noble about that. If you want to take advantage of everything in our culture and the money that's in our culture, the best artists every couple of years, look at Madonna now with the new album. They just go back in. The new album's brilliant. They go back in and they do it again. you know they get their head down they do good work and they put it out and people like it again and that's when you get this kind of longevity and it must be so hard in the culture that we have at the moment it must be so hard but that's why when i listened to the album i thought yeah that's fine i thought you know what that's exactly what it should be it should be absolutely fine it should just be an album you go oh yeah that's good in a couple of years she'll do something else and a couple years after that she'll do something else yeah it'd be good if the politicians don't bandwagon on this one.
32:31I can't see, I mean, some of the songs, I can't really see which one they choose. I can't see Andy Burnham doing a Commodore Harris. No, I mean, piling onto, yeah, that track that's like, sounds like an edging video, if I may. Or can I talk about another album that I absolutely love? You don't want to talk about edging videos? Okay, fine. Listen, you go ahead, if you need to, I will stick with November Rain, which sounds like an edging video. Oh my God, no, please. Neutral Milk Hotel, he did In the Aeroplane Over the Sea and that's an album that every indie kid in the whole world loves and was super massive he has never recorded another record since it's hard man it's hard if you're a creator and stuff comes out you can react in one or two ways you can either go into your shell or you can go I've sort of just got to get back on it something out and then yeah yeah can I give the last word to Joseph Heller please so Joseph Heller I love and after Catch 22 an interviewer said to him I don't think you've ever done anything as good as Catch 22 and Joseph Heller said well yeah you're right but who has and you know you're lucky to have you're lucky to have these big nevermind stone roses brats you're lucky to have them and if you're smart you can carry on your career and keep keep doing good work and keep making good music but my god the pressure of it is insane yeah or m night shayama land oh that's a great example after six cents yeah after six cents but also like everything after that becomes more and more there's a really good There's a really good book about when he's making this film, The Lady in the Water.
34:00And there's a great book about it called The Man Who Had Voices. It's incredibly pretentious. Oh, really? Yeah, yeah. It's the journalist who's like giving full access to him for the making of this film that turns out to, spoiler, not be one to trouble the scorers. That's a tough one to follow because it's so brilliant. It's got such a brilliant, unique twist to it. A bit of it, I think, thought, okay, I need to just make sure I've got a brilliant twist for every single thing that I do now. and that's, you know, perhaps he would have made more interesting films if there hadn't been quite as successful.
34:30You're just chasing that first high. Yeah. Yeah. But yeah, it's anyway. Anyway. I recommend the album. Now, shall we talk about Letterboxd, which is the social media film discovery platform, which became huge in the pandemic. Lots of really bad things became huge in the pandemic, but this was one of the good ones. This is a good one, yeah. Via the app. And it's really interesting. It's like, it's massive with Gen Z and kind of younger millennials. And a huge amount of people have discovered film culture this way. It's a discovery engine first, I guess. And it's pushed that generation in the direction of things like horror and world cinema and other sort of different genre things.
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35:11Lots of Japanese movies. Describe what it is. It's sort of a repository of any movie ever. And just people review them and rate them. And there's loads and loads of lists. There's loads and loads of posts you can read. Any movie you like, you can do the deepest of deepest dives here. You can see everything ranked. You can see the top thrillers. You can see the top movies of all times. Your letterbox top four. That's become a sort of form of, you know, taste as an identity and a shorthand for yourself, a way of signaling status. Yeah, and it sounds, you know, there's a million things that are a bit like this, but it's just curated very, very well.
35:44There's two New Zealand guys, Matthew Buchanan and Carl von Rando, who originally came up with it. And there's just something about it that has an aesthetic to it, an indie aesthetic to it, that it is appealing to go and visit. When you look at the reviews of films, you're like, huh, oh, this is really interesting. Yeah, it does. But it does connect to the thing we were saying in our first item today, which is that, like, watching and then posting about it have now just sort of become two sides of the same coin. If you watch a film and you think, I tell you who's going to be interested in my view on this, everyone.
36:15Yeah, everyone's a critic. But the nice thing about Letterboxd actually is the top reviewers are actually rather interesting. And if you look through the top 500 films on Letterboxd, for example, you can tell it's very global because, you know, there's a lot of Japanese movies on there. It's not all the usual suspects. In fact, I don't think usual suspects is in the top 100. There is stuff that you will discover there. However much of a cineast you might be, there is stuff there to discover. I absolutely love it as a website. I love, because I mean, listen, I love a list. Of course I do. But I love discovering new things.
36:48They have an amazing thing. They do this sort of video rental thing. And you have to pay like 15 quid to, you know, it's like buying a video in the old days where they have films that just sort of played in festivals and never got a proper release. And you can, you know, watch these movies. You can put them on TV. And so it's probably, it's the real deal. You know, it really, it has bona fides. It is interesting. It's intriguing. again whether it remains that way we're about to find out because it is up for sale which is not always the best thing that can happen to someone it is it's up for sale it's being it's valued i think at about 250 million and so we'll talk about why it is a desirable asset there are lots of people who might be in for it yeah um sony paramount um versant which is the comcast sort of thing that audience netflix yeah you can you can sort of see it a24 which we'll get to So if you think Comcast owns that versant, owns Rotten Tomatoes and Fandango, the kind of ticketing and pre-booking or whatever.
37:50Which have a similar vibe. Rotten Tomatoes has a similar vibe. This feels a bit more of a deeper dive, but it does a similar thing. What's appealing to it is you have, for any of those companies who would want to integrate it into their corporate structure, is that you get direct access to film enthusiasts, obviously. you can influence discovery and you can get kind of first party to kind of taste data on things. It's very, very useful for marketing, quite obviously. And mainly it's really cheap. Like explain, look at the entertainment M &A prizes that might be around. There's not that much that costs 250 million.
38:29And that is, but you do also have to be incredibly careful. And now people know it's for sale within the community because they're a hyper engaged community. Everyone's worried. they're very very worried there are these kind of like fan movements to kind of try and buy it themselves i the idea that a24 may wish to buy it that i that would probably be the least offensive thing to lots of these because if you if you're on the site at the moment one of the interesting things about it is and you realize how rare it is in our culture look at wikipedia and and and this where it's kind of under monetized anything oh my god thank god that something is under monetized.
39:04I'm not constantly being driven towards something. I'm not constantly being sold to. There's, you know, bits of advertising and, you know, there's a Patreon tier for power users of which I am not one. But you are not, you don't feel you are constantly being fed by the algorithm and you're not being constantly monetized by it. It still feels like an indie site. It feels like something you've stumbled upon that is a community and And those things are rarer and rarer. And usually they're quite niche. There's plenty of them that are niche. When you get something this size and you're still going, oh, my God, it still seems to be run by the users.
39:40But as you say, as soon as venture capitalists look at something that's undercapitalized, they like to capitalize it. If you look up, it's possible. This is why I think perhaps A24 would be the best fit for it. I don't know. Because that is obviously A24. It didn't even exist 15 years ago. And it's like modern art house. again, a young company. It deliberately cultivates fandoms and merchandise and socials and what is made for internet culture. It thrives, by the way, their movies completely thrive on something like Letterboxd because they are all suited to internet culture and they all understand it.
40:16I think A24 themselves say that The Brutalist was such a hit largely through Letterboxd. It was like one of the incredible sort of things that powered the success of that movie. Yes, and people want to discover that other directors and their whole stable of auteurs and all of that. You can see that it's amazing to some degree that A24 has been able to keep that kind of edginess and keep that. And a lot of people call it a cult and say their fans are like cult-like. They pay to carry around the merchandise. But you have to take our hats off completely. I should say, full disclosure, I have things in development with them, but on the TV side.
40:51But it would make sense for them to buy something like that. I mean, it would make sense, by the way, for all of these people to buy an asset that is of this price and you can see how it could help. But many of these people could completely ruin it. Yeah, there is a sort of public benefit corporation called Intrinsic Entertainment Collaborative who are trying to raise money to buy it themselves. And I mean, it's possible it could happen, you know, because it has such an engaged community who would all be happy to, you know, chip in. But yeah, I don't want to fast forward three years and be on Letterboxd and just go, oh, this is not as good as it used to be.
41:27They've destroyed it, yeah. because at the moment they own such a dedicated audience. And yes, it would be interesting to see how it plays out. I think perhaps, I don't think the intrinsic will get it. No, I don't think they will either because there's people with deeper pockets who could do things with it that would fit into other businesses far more. So if you don't use letterbox, and it's letterboxed without the letter E at the end, if you're interested in what it's really, really worth having a look at, I guarantee you'll find something that you find interesting very, very quickly in it. it's an example of just something that works for all of its members, I think.
42:01And that's very rare. Perhaps we get Goldhanger to buy it. Just then we can hang out with them. Yes. Yeah, that'd be fun. Any recommendations this week? Well, it sort of fits into what we've been talking about. But I read a very interesting book called Rate This Book by Benji Wilson, which is about how five star ratings took over the world, touches on much of which we've spoken about today. And it's really, really interesting how this one thing has come to dominate almost everything. And you think you understand how much of it there is in our world, but you haven't scratched the surface. So that's an interesting line.
42:34It's called Rate This Book by Benji Wilson. Oh, that's very cool. I want to add to my previous recommendation of Widow's Bay, which is on Apple, because I've seen the first few episodes that have dropped and now I've seen the whole thing has all dropped. So genuinely, it's brilliant. But I do need to say it does get really scary. So it remains funny, but it gets it's like really scary as well we've got so many good shows in there yeah but just if if you started watching it and it was too scary for you i apologize and if you're going to start watching it now it's brilliant and matthew reese's performance is insanely good but it's really scary as well so what i recommend also is there's a new series of my favorite show on bbc1 which is fake or fortune where fiona bruce and philip mold take people who think they might have masterpieces and they go through all the verification processes and it's just it talks about art history there's There's lots of science in it, lots of human stories.
43:23And the first one this week is about a woman in Liverpool who believes she has a Fabergé flower. And it's such a great story as well. The thing I love about that is go, oh, no, oh, oh, no, oh. It's just they tell it brilliantly. They tell human stories with it as well. It's one of those shows that just keeps on giving. So fake or fortune. We will be back on Thursday with a Q &A. We will. And you will be bringing us, for our members, a very special episode of the World Cup. Yes, the World Cup of movie quotes. So the greatest movie quotes of all time. I'm dying for that one. Yeah, it's really good.
44:02That's a good idea. Trying to work out what works as a movie quote, what doesn't work. And yeah, it's myself, Better Hull and Ivo Graham. And we will let you know which movie quote the British public thinks is the greatest of all time. And we are also just in the midst of recording our History of James Bond as well, which will be out for members soon, which we're really having fun doing. I'm really enjoying it. I've said a number of inappropriate things in the first recording. Oh, my God, you said something so inappropriate. It wasn't. I think you explained afterwards why it wasn't inappropriate, but at the time it sounded it.
44:34So listen out for that when that comes out. See you on Thursday. See you on Thursday.
44:45Thank you.
From the publisher
How do you follow up a monster hit like Charli XCX’s BRAT? Will a corporate buyout ruin Letterboxd? Are we all just content creators now?
With everyone from your dentist to your neighbour posting content, and massive companies eschewing traditional advertising to pay micro-influencers, are we all just influencers now? Richard and Marina explore the booming content creation industry… do dentists make better content creators than Premier League footballers?
Charli xcx has released her new album, Music, Fashion, Film, two years after the inescapable success of BRAT summer. How is the pressure to follow up a huge cultural hit different for modern pop stars?
Cult film app Letterboxd is up for sale for a reported $250 million. Why do the likes of A24 and Sony see it as such a valuable asset, and can its highly engaged community survive a corporate takeover?
The Rest is Entertainment is brought to you by Octopus Energy, Britain's most awarded energy supplier.
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