Wednesday, December 29, 2021
Tuesday, December 28, 2021
2021 BIG $CORE$$$$$$ FOR ENTERTAINMENT... | Forbes
Here's some 'news' from Lysette Voytko writing in Forbes:
From ‘South Park’ To Springsteen: The Entertainment Industry’s 2021 Scorecard
"Eyebrows were raised when, just six days into the year, Neil Young announced that he had spun “Heart of Gold” and the rest of his song catalog into actual gold by selling them to song management company Hipgnosis for $150 million. Coming on the heels of Bob Dylan’s similar, $300 million deal made just a few weeks earlier, it seemed clear that it was just the beginning of an entertainment bull market.
Then came the March announcement that Paul Simon was selling his song catalog for $250 million, followed by sales involving members of Fleetwood Mac, heirs to the Prince estate and the Red Hot Chili Peppers. The year ended on an even higher note, when news broke that Bruce Springsteen reportedly sold his catalog to Sony Music for at least half a billion to Sony Music in December in apparently the biggest deal ever for the life’s work of an individual artist.
The music sales were just the tip of a massive intellectual property iceberg that soared in value during 2021. In May, Friends once again cashed in on a show that has funneled more than $1.4 billion to the cast and creators as they switched loyalties from Netflix to HBOMax. Then Viacom signed a deal to pay the creators of South Park more than $900 million over a number of years.
With Friends Like These...
The actors and creative minds behind Friends, one of network TV’s most beloved sitcoms made a big splash with their reunion show, which aired on HBO Max in May. The cast earned an estimated $5 million each for their appearance. That’s just the icing on the cake: altogether Forbes estimates the show brought in more than $1 billion in pretax earnings since its 1994 premiere; the cast earned $816 million pretax, or $136 million each
Bilbo Baggins’ Billions
Lord of the Rings director Peter Jackson’s foray into visual effects through his shop Weta Digital paid off big time. The New Zealand-based firm, which he cofounded to provide effects for Heavenly Creatures (1994), grew into a Hollywood powerhouse, providing computer-generated imagery for everything from Wolverine (2013) to the 2019 remake of Lady and the Tramp. In November, Weta announced that a chunk of its assets were being sold for $1.6 billion to Unity Software, which makes software for videogames. Forbes conservatively estimates the deal officially makes Jackson a billionaire
Cuomo Non Grata
It wasn’t a great year for the Cuomo family—Andrew Cuomo resigned in August as New York governor amid fallout from his sexual harassment scandal—while younger brother Chris Cuomo was fired from his CNN anchor job in December after legal documents revealed the extent to which he aided Andrew in his battle against the harassment allegations—seen as an unforgivable breach of journalistic ethics.
Gone, But Not Forgotten
Even after death, success in show business can still command a marquee price tag. In September, 31 years after the creator of Charlie and the Chocolate Factory died of cancer at age 74, Netflix paid a reported $684 million for the Roald Dahl Story Company and rights to the British novelist’s stories
YOU ARE INVITED --> Go Read This
Go read this data analysis that uncovers predictive policing’s flawed algorithm
A co-reported investigation with Gizmodo and The Markup into PredPol
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"Gizmodo released a deep-dive look into the data collection process behind its co-reported investigation with The Markup into PredPol, a software company specializing in predictive policing (hence the name, which it has since changed to Geolitica) through machine learning.
PredPol’s algorithm is supposed to make predictions based on existing crime reports. However, since crimes aren’t equally reported everywhere, the readings it provides to law enforcement could simply copy the biases in reporting over each area. If police use this to decide where to patrol, they could end up over-policing areas that don’t need a larger presence.
When Gizmodo and The Markup evaluated the areas, they found that the places PredPol’s software targeted for increased patrols “were more likely to be home to Blacks, Latinos, and families that would qualify for the federal free and reduced lunch program.”
Even as police tactics evolved to include crime and arrest data, there has been a historical disparity in how these tactics affect communities of color. As Gizmodo points out in its analysis, in New York in the 1990s, researchers at the time found that the methods reduced crime without simply displacing it to other areas. However, the approach included tactics like stop-and-frisk, which have been criticized as violations of civil rights.
PredPol’s algorithm has already been looked into and criticized by academics more than once. As Vice quoted Suresh Venkatasubramanian, a member of the board of directors for ACLU Utah, in 2019:
“Because this data is collected as a by-product of police activity, predictions made on the basis of patterns learned from this data do not pertain to future instances of crime on the whole,” Venkatasubramanian’s study notes. “In this sense, predictive policing is aptly named: it is predicting future policing, not future crime.”
Still, there hasn’t been an investigation as thorough as this one. This investigation used figures retrieved from public data available via the web. According to Gizmodo and The Markup, they found an unsecured cloud database linked from the Los Angeles Police Department’s website. That data contained millions of predictions stretching back several years.
Besides supposedly predicting individual crimes, a 2018 report by The Verge looked into Pentagon-funded research by PredPol’s founder Jeff Brantingham about using the software to predict gang-related crime. The former University of California-Los Angeles anthropology professor adapted earlier research in forecasting battlefield casualties in Iraq to create the platform, and the paper — “Partially Generative Neural Networks for Gang Crime Classification with Partial Information” — raised concern over the ethical implications.
Critics said this approach could do more harm than good. “You’re making algorithms off a false narrative that’s been created for people — the gang documentation thing is the state defining people according to what they believe ... When you plug this into the computer, every crime is gonna be gang-related,” activist Aaron Harvey told The Verge. . .
[...] Relying on some algorithms can work magic for some industries, but their impact can come at a real human cost. With bad data or the wrong parameters, things can go wrong quickly, even in circumstances that are less fraught than policing. Look no further than Zillow recently having to shut down its house-flipping operation after losing hundreds of millions of dollars despite the “pricing models and automation” it thought would provide an edge. . .
Overall, Gizmodo and The Markup’s reporting is a good consideration of how significantly predictive algorithms can affect the people unknowingly targeted by them. The accompanying analysis by Gizmodo provides relevant data insight while giving readers a behind-the-scenes look into these measures.
The report indicates that 23 of the 38 law enforcement agencies tracked are no longer PredPol customers, despite initially signing up for it to help distribute crime-stopping resources. Perhaps by using methods that build transparency and trust on both sides, law enforcement could spend less time on tech that leads to pieces like this, which highlights the exact opposite approach.
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