No Mercy / No Malice: Peak Hollywood

Detroit's Decline

Detroit's historical decline offers a cautionary tale for industries worldwide. Scott Galloway and George Hahn discuss how Detroit, once a powerhouse with companies like Ford and Chrysler, dominated the global auto industry with over 90% market share 1. However, by the 1970s, the Big Three automakers faced severe challenges as American cars became unreliable, while Japanese manufacturers innovated with faster and safer vehicles 1.

The Big Three, once innovators, had no catalyst for creativity. Industry analysts refer to this as the malaise era.

--- Scott Galloway

This decline continued for decades, leading to GM's bankruptcy in 2009 and Chrysler becoming a subsidiary of Stellantis 1.

   

Hollywood Comparisons

Hollywood's trajectory mirrors Detroit's in many ways, yet it diverged by adapting to cultural shifts. Scott Galloway notes that while Detroit's auto industry faltered, Hollywood faced similar challenges but managed to thrive by embracing quality and innovation 1. In the 1960s, Hollywood films were out of step with culture, but the industry adapted by producing groundbreaking films like "The Godfather" and "Jaws," which revitalized its appeal 2.

The industry adapted and started making better movies. They turned the keys of the kingdom over to young filmmakers and actors who weren't squeamish about sex or violence.

--- George Hahn

Despite current challenges, such as declining theater attendance, Hollywood remains a dominant cultural force 2.