PREVIEW

... ustries: labor-intensive industries and capital-intensive industries.

In simpler terms, it’s about whether you grind people or capital to make money.

And in the distant past,

About 20 years ago, to be precise.

The entertainment industry leaned more towards being labor-intensive. Most entertainment agencies were half-thuggish operations, and their systems were run haphazardly. Success depended on how low a manager could bow in front of a TV station producer and how ...

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