Search results for: “disco”

  • The British discount + more things

    The British discount

    A number of things have happened that made me think about the idea of the British discount. A fund manager came out and said that UK equities were cheap compared to their counterparts listed on other stock markets and would likely remain so for a long time.

    Sale
    Genuine sale bargains?

    There are a number of reasons why these companies may trade at a British discount:

    • The London Stock Exchanges doesn’t have a reputation for high growth businesses in the same way that the New York Stock Exchange or NASDAQ does. Instead it has a preponderance of mining companies and similar firms
    • UK pension funds are discouraged from purchasing stocks
    • The UK doesn’t foster the kind of businesses that growth investors would want to invest in
    • British banks don’t particularly want to invest in British businesses beyond property portfolios
    • Management demonstrate short-termism in their investment approach, as does the banking system
    • There isn’t a culture of retail share ownership
    • The UK economy has numerous structural challenges, some of them self inflicted

    The British discount goes beyond the stock market, but instead the very nature of the UK itself.

    Indebted government

    Government debt is ballooning and will continue to do so, yet productivity is stubbornly low meaning the bonds will be ever harder to pay off. Finally as the Liz Truss debacle showed even leadership shows the British discount.

    The state Britain has been in

    The ideas and concepts the British discount aren’t even new – most of them came from ideas in Will Hutton’s The State We’re In originally published in 1995.

    The fund manager can be confident in the British discount to be long-lasting as he knows that neither the Labour Party or their Conservative Party counterparts had managed to address existing structural economic issues. Instead they managed to create new ones.

    The British discount related content

    The State We’re In by Will Hutton

    China

    The Trajectory of China’s Industrial Policies – IGCC – Barry Naughton, Siwen Xiao, and Yaosheng Xu argue that most of the changes in Chinese industrial policy since the mid-2000s can be thought of as being part of a trajectory that seeks to build a policy/planning mechanism, and that shifts the ultimate objective of technology and industry policies from economics to security.

    Consumer behaviour

    Why Singaporean democracy is like a social media graph – Marginal REVOLUTION

    Why the Toronto Zoo wants you to stop showing gorillas your phone | The Star 

    Aini on ‘stans’

    Economics

    Exclusive: China invites global investors for rare meeting as economy sputters | Reuters – keep Foreign investment coming which seems to be a desperate measure

    FMCG

    The WHO’s aspartame advice changes nothing for Coke, Pepsi | Quartz 

    Saudi Arabia’s Barn’s Coffee plans 25 outlets in MalaysiaMalaysia’s Premier Fine Foods plans to establish 25 outlets in Kuala Lumpur as its hub and expand operations to other Southeast Asian countries, including Brunei, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Singapore, Thailand and Vietnam, in its aim to have 300 outlets in the next 10 years – interesting franchise coming out of Saudi Arabia

    Germany

    Germany’s first China strategy warns on asymmetric dependencies | Quartz – German large business is scuppering the German government at every turn – Germany warns companies to reduce dependence on China | Financial Times

    Health

    Intergenerational transmission of mental health problems – Marginal REVOLUTION – interesting how Norway were able to get positive results by early intervention in families where the parents had mental health disorders

    Hong Kong

    Are cities in Asia becoming better places to live? – its fascinating to see that Singapore isn’t in the top five and Hong Kong has fallen completely out of most liveable based on this data

    How to

    Delia Online | Official site with recipes, cookery school and how to videos

    How to Use AI to Do Stuff: An Opinionated Guide 

    Indonesia

    Indonesians going into debt for Blackpink, Coldplay tickets shows dark side of fintech revolution | South China Morning Post 

    Innovation

    AI-powered brain surgery becomes a reality in Hong Kong after launch from state-run research centre | South China Morning Post 

    Japan

    Japan failed at social media – Matt Alt’s Pure Invention – is it failure to innovate or a failure to regulate US products I suspect the latter

    Street Style in Tokyo: “Harajuku Is Like a Fashion Gallery With a Free Entrance” | Vogue“In present-day Harajuku, there are probably more foreigners walking around than there are Japanese people. They used to be watchers of Harajuku fashion, but now they are players; it’s a new movement in the neighborhood. In this story, there are many Chinese and Korean individuals who seem to enjoy and carry forward the Harajuku fashion of the 1990s and 2000s, rather than simply copying it

    Luxury

    Burberry revenue growth weighed down by falling Americas sales | Financial Times

    Marketing

    Full article: ChatGPT, AI Advertising, and Advertising Research and Education – leading scholars and industry thinkers in our field and neighboring disciplines are actively examining and engaging in debates on AI technologies and their applications to advertising practices and effects. However, we have not imagined such powerful AI technologies as ChatGPT emerging and spreading in the general public so quickly. According to industry estimates, ChatGPT reached 100 million monthly users in the first two months after launch, which makes it the fastest-growing technology application in history, but web traffic has since peaked. ChatGPT and other generative AI technologies in this new phase of AI advancement are expected to completely transform the advertising business and research. More research is urgently needed to gain an understanding of the short- and long-term impacts of this new generation of transformative AI technologies on advertising across the micro, meso, and macro levels

    Influence 100: In-House PR Budgets Slashed | Provoke MediaThis year, our Influence 100 cohort control a combined spend of $3.7 billion, a drop of more than $1bn on last year’s figure of $4.8 billion and far below 2020’s dip to $4.2 billion, after being at $4.8 billion in 2019. The drop is largely down to a significant dip in the number of our Influence 100 managing top-end budgets. Last year the number who managed budgets of more than $100m was 25% (compared to 27% in 2021), while this year it is down to 17%. The number of CMOs and CCOs managing between $75 and $100m also dropped, from 12.5% last year to 10% (although this is on a par with 11% in 2021), and the next budget bracket, $50-$75m, also saw a drop from 17.5% to 13%, one percentage point lower than 2021. The proportion of communications leaders managing budgets of between $25m and $50m remained the same as last year, at 10%, and the only budget bracket that saw an increase was at the lower end, $10m-$25m, which shot up from 12.5% to 30% – unsurprising given the dip in advertising spend

    Materials

    Machine learning based design optimisation was used to create additive manufactured brackets for NASA instruments. They feel organic in nature, presumably because they the result of millions of virtual trials, rather like generations of biological evolution.

    Media

    TV producers wanted AI rights of extras forever, says union • The Register – makes sense when you think why the Screen Actors Guild and Writers Guild are on strike

    Opinion | Fictional thriller by David Ignatius: The Tao of Deception – Washington Post – interesting return to serialised fiction

    Security

    UK response to Chinese spying ‘completely inadequate’, report finds | Financial Times

    Vatican’s influence falters in Ukraine and across the region – Coda Story 

    David Ignatius on how the MSS routed the CIA’s network in China and the state of China at the present time.

    Software

    Artificial Intelligence – Platform wars | Radio Free Mobile

    How do AI systems like ChatGPT work? There’s a lot scientists don’t know. – Vox – timely reminder of the way things have been for a decade or so since Google engineers didn’t get ‘RankBrain’ and the decisions it was making

    Technology

    With reported improvements in 3/4nm yield rates, Samsung sees increased possibility of customers returning – TSMC has been 10 percent growth in the last quarter, which must be a rich target for Samsung now they have their process right

  • Conglomerate discount

    Conglomerate discount wasn’t a concept that I was that familiar with. Conglomerates had gone out of style in the west during the 1960s to the 1990s.

    Western conglomerates

    Classic conglomerate examples would be

    • GEC
    • ITT
    • Litton Industries
    • Lonhro
    • Teledyne
    • Textron

    Spivs and financiers bought in and broke them up into their constituent parts. Or a new CEO would do it themselves to focus on core competencies and release value for shareholders.

    Conglomerate discount

    A conglomerate discount is when the stock market values a diversified group of businesses and assets at less than the sum of its parts. This is because investors are worried about the management not being able to focus on improving the operational performance and figuring out a coherent strategic direction.

    Michael Milken moderating the panel on Investing African Prosperity  - Los Angeles, 1 May 2013
    Michael Milken who was famous for financing leveraged buyout deals

    Taking advantage of a conglomerate discount

    So our spiv financier could borrow money, buy the company at a discount. Sell off parts to pay off the loan and be left with more money than they initially had to borrow. Many of the constituent companies couldn’t be sold quickly as a going concern. Instead they were shut, machines sold for scrap and their factory land sold for redevelopment.

    Asian conglomerates

    Asian business people, especially those running Hong Kong and Chinese companies don’t view conglomerates in quite the same way.

    Li Ka Shing 李嘉诚
    Li Ka shing

    The Li family manage two publicly listed companies in Hong Kong. They came out of the merger of Cheung Kong Holdings and Hutchison Whampoa.

    Cheung Kong

    Cheung Kong Industries was formed in the 1950s as a plastic flower manufacturer during the post-war industrialisation of Hong Kong. It evolved into a property investment company after the 1967 riots and Cheung Kong Holdings was established in 1971. Over the next decades it became one of Hong Kong’s largest developers and land owners.

    In 2015, the group went under a reorganisation, the groups property assets were spun off into what is now CK Asset Holdings.

    Hutchison Whampoa

    Hutchison Whampoa was bought in 1979. HSBC had a strategic holding in the company and sold that on to Cheung Kong. They also provided Cheung Kong with the loan to make the purchase. In 2015, Cheung Kong bought the parts of Hutchison Whampoa that it didn’t already own. It eventually became CK Hutchison Holdings, incorporating all the non-property aspects of the Cheung Kong – Hutchison Whampoa combine.

    In addition, the Li family have some of the shares in businesses that they own held in the Li Ka shing Foundation (LKSF).

    CK Hutchison and CK Asset Holdings

    CK Hutchison Holdings and CK Asset Holdings both trade at a conglomerate discount. However, the Li family has a controlling share in them. This probably explains why they haven’t come under attack by an activist shareholder from within China or abroad.

    In his article for Apple Daily Yeung Wai-hong explains how the Li family uses the concept of conglomerate discount to their advantage.

    The CK Hutchison Holdings and CK Asset Holdings creation allowed shareholders to see clearly delineated businesses. One focused on property, the other one on non-property assets in 2015.

    CK Asset Holdings started to blur the lines buying into businesses that more sensibly fit into CK Hutchison Holdings – aircraft leasing, pubs and utilities. Creating conditions for a conglomerate discount that is disadvantageous to non-family shareholders. The bigger business has a larger turnover. Even if the profit margin is lower, management still have an excuse to raise their salary and benefits.

    CK Asset Holdings has a large amount of cash on hand indicating a lack of investment opportunities. Recently CK Asset Holdings bought shares in utilities from LKSF in exchange for shares in CK Asset Holdings.

    I’ll let Yeung Wai-hong explain the next bit

    …CK Asset promised to buy back shares equivalent to the amount of HK$17 billion and cancel them. Whether the equity will be diluted is up to the minority shareholders. If they do not accept buyback, their equity will be diluted; if they do, then it won’t. The buyback price is about 10% more than the average share price of CK Asset, so the minority shareholders do have a chance to cash in at a “high price.” However, the buyback price of HK$51 per share is only 53% of the net asset value after deducting the debt. So accepting the buyback is like allowing Li’s family to grab a bargain at half price.

    Conglomerate discount by Yeung Wai-hong, Apple Daily Hong Kong (March 29, 2021)

    If that happened outside Hong Kong there would be shareholder class action suits. The theory goes that these trades slowly put the squeeze on minority shareholders at a discount. Transferring value to the Li family. Eventually allowing for a gradual privatisation of the business at the expense of retail shareholders.

    Once this has been done the value of the assets at their full price can be realised. More finance related content here.

    More information

    ‘Conglomerate discount’ | Yeung Wai-hong | Apple Daily 

    Britannica, T. Editors of Encyclopaedia. “Conglomerate.” Encyclopedia Britannica, September 26, 2007.

  • Rediscovering Quora + more

    Probably the biggest thing that happened was me rediscovering Quora the question-and-answer network. I replied to a question ‘What are the major reasons behind Yahoo’s drastic downfall?‘ and then republished it as a blog post with a few more bits and bobs. Traffic blew up on the post when Dave Farber published a link to it in his Interesting People email list. I read Yahoo’s $8 Billion Black Hole – Bloomberg Businessweek on Thursday and it felt like part two of my piece on Yahoo! which looks to now and forward whereas I looked at macro factors and heritage. Rediscovering Quora also reminded me of the lost opportunity in Yahoo! Answers.

    Great video mash-ups plugged the gap post the Game of Thrones series launch

    I got to see Keith Weed present an aggregate view of social as it pertains to Unilever’s brands and whilst on stage he revealed that they had an inter-agency war room set up to steer the media spend around Knorr’s #LoveAtFirstTaste campaign.

    Short of Tinder integration I don’t really know what else they could have done. I do wish that it wouldn’t keep recommending chicken dishes to me though. Check out the campaign site here and the ad below.

    Really nice creative driven by MullenLowe.

    Pepsi went big with a digital OOH augmented reality campaign in Singapore. Most AR projects tend to be smaller rather than going for giant screens. Pepsi has an under-appreciated heritage in pioneering media devices. It did QRcodes on cans in western markets, so far ahead of consumer adoption that they had to provide instructions on the cans explaining what a QRcode was. This was on Pepsi Max which is right in that young adult / youth marketing space.

    Hasbro who own the Monopoly board game, posted this surreal live stream on their Facebook page. It is strangely compelling like some bizarre form of performance art.

  • February 2026 newsletter – get up & run edition

    February 2026 introduction – (31) get up & run edition

    I am now at issue 31, or as a bingo caller would put it ‘get up & run’. In Cantonese 31 isn’t a famous lucky number, it could considered to mean ‘life first’ implying an importance of vitality. On the plus side, it doesn’t have negative connotations of say 14 – which sounds similar to definitely die.

    #run

    I was sent a mix by an old friend of mine done by Frankie Bones at Amnesia House in August 1990 – as aural history its a fascinating treasure trove and occurred a pivotal time with several genres about to fragment from the original UK scene. Now we have our soundtrack let’s get into it.

    New reader?

    If this is the first newsletter, welcome! You can find my regular writings here and more about me here

    SO

    Things I’ve written.

    I appeared in the What’s In My Now newsletter talking small wallets, cheaper alternatives to Apple Studio monitors and making better use of LLMs. More here.

    I gave a presentation for Outside Perspective on my Dot LLM era paper. Here is my speaking notes that I prepared as I got the presentation ready, complete with the slides at the relevant points.

    I spoke to the WSJ about my dot LLM era thinking and was name-checked on their Take On The Week podcast. And I compared my research with Marc Andreessen’s of A16z 2026 AI outlook here.

    I wrote a letter to the FT about Sony surrendering its home entertainment business (TVs, home audio) to Chinese TV maker TCL. While Sony’s current involvement in sectors such as elder care and insurance are worthy endeavours – what does it mean when they are more core to Sony’s identity than the home entertainment equipment that the brand built its empire on?

    As well as being a concerned Sony customer, I was also thinking about what it means to a brand when it gets rid of its core raison d’être? You can read my letter here.

    I was talking to a friend about classic films and suddenly Matthew Frank’s newsletter dropped in my inbox and started me down a rabbit hole exploring the idea of forgettable cinema as part of the modern public zeitgeist.

    I pulled together a collection of adverts and campaigns celebrating lunar new year from across Asia and a couple aimed at the wider diaspora. As brands look to benefit from the year of the fire horse.

    ICYMI – Top five shares on LinkedIn

    1. Publicis widening the business gap versus its rivals. A decade spent preparing their data and foundational technology for machine learning.
    2. WPP’s big pivot to adapt to market conditions for the large holding companies.
    3. Dentsu’s change of leadership to better control strategy and manage global capabilities.
    4. What Google’s AI bet means for advertisers.
    5. Michael Farmer on why reorganisation isn’t strategy, instead strategy should drive any reorganisation to meet the strategic objectives. This one proved a bit controversial, I’m not sure why.

    Books that I have read.

    While I have been looking forward for David McCloskey’s latest book The Persian to come out, I managed to finish The Seventh Floor. On one level The Seventh Floor is about espionage and feels very now given the new cold war. But it’s also about friendship, loyalty and personal betrayal. McCloskey doesn’t only bring expertise from a past career at the CIA, but also a deep love of the espionage novel as an art form and this novel gives a nod and a wink to the works of John Le Carré.

    While the agency world is focused on the rise of AI, I decided to revisit Michael Farmer’s Madison Avenue Manslaughter: An Inside View of Fee-Cutting Clients, Profit-Hungry Owners and Declining Ad Agencies. Ten years after it has been published, the diagnosis and the lessons from Farmer’s research seem to have been ignored by clients and the c-suites of holding groups. One thing I picked up on my revisiting the book was the challenge in defining strategic contribution and effort to campaigns. With creative output, Farmer managed to break down creative tasks into fixed ScopeMetric® Units (SMUs). But Farmer admitted that he couldn’t define strategy outputs in the same way because the context changed account-by-account. This makes sense given the difficulties I have had in the past when strategists were way oversold by the project management function within agencies.

    Things I have been inspired by.

    Insularity was the watch word of this year’s Edelman’s Trust Barometer. It was a pretty dark vision of the future. There is a huge delta between top income quartile of the population and their trust of authority and the bottom income quartile. In the lower quartile group there is little to no trust in authority figures (business, journalists, government). They only trust people like them.

    Andrew Tindall published a new book for System1 based on their research and Effie data which reinforces previous publications by Orlando Wood, Les Binet, Peter Field and Byron Sharp at the Ehrenberg-Bass Institute. It also reinforces the importance of context as part of creativity when media and creative functions are co-joined at the hip. It’s very readable and available for free here.

    Chart of the month. 

    The surge of US measles infections turned into a politicised debate about vaccinations, competence, why Canada’s rates were even higher and whether things were as bad as experts would have you believe?

    The chart only tells part of the story.

    measles

    The US CDC cites a general hospitalisation rate of about 20% (1 in 5 cases), recent years have seen significant fluctuations depending on the specific age groups and regions affected by measles outbreaks.

    The “Age Factor”: The high rates in 2022 and 2024 were largely due to the virus hitting children under five—the age group most likely to develop severe complications like pneumonia.

    • 2022 – driven by an outbreak in Ohio, which had a high paediatric hospitalisation rate.
    • 2024 – remained high throughout the year with nearly half of cases affecting children under 5.

    Outbreak Size vs. Severity: In 2025, even though the total case count surged, the percentage of people requiring hospital care fell. This often happens when an outbreak moves beyond high-risk “pockets” into a broader, sometimes older, population.

    • 2023 – outbreaks in unvaccinated high-risk clusters.
    • 2025 – hospitalisation rates dropped because the virus spread to older demographics and larger, but less severe clusters
    • 2026 – infections in January had few children under 5 affected. Cases were able to be managed at home.

    Vaccination Impact: Across all these years, the vast majority (over 90%) of hospitalised patients were either unvaccinated or had an unknown vaccination status.

    Canada’s rates are high because the population has a significant amount of unvaccinated immigrants and refugees from conflict zones and the developing world.

    Things I have watched. 

    Thomas Harris’ Silence of The Lambs still has legs in culture. Which is why Amazon Prime Video has gone back to the universe with Clarice. The story takes place in the aftermath of the buffalo Bill killings which drove the plot of Silence of the Lambs. The storytelling is top notch with a fantastic plot twist in episode 1. It is well worth your time to at least give the first few episodes a chance.

    It started off in an unpromising way, several years ago a friend left a DVD with me. They said something along the lines of they liked a number of Werner Herzog films, but that this was too weird for them. I finally got to sit down and watch Fata Morgana.

    It doesn’t have a story, but is beautifully shot footage of the Sahara and Sahel in 1969 with a focus on near horizon mirages (from which the film gets its name) and features the human effect on it from vistas of oil processing equipment to barbed wire and crashed planes.

    There is a poetic narration in German over the top with a range of music to flt the landscapes. It feels like a forerunner of Godfrey Reggio’s Koyaanisqatsi made a decade later. It’s easy to watch.

    I spent a weekend with my Dad going through old VHS cassettes and on one of them we found Four Fast Guns. It is a surprisingly good Hollywood western. While not a John Ford film, it has a grittiness due to superior character development and tight storytelling reminiscent of the very best spaghetti westerns. The film was produced by an independent studio and featured three well recognised character actors as its star performers.

    • Edgar Buchanan acted alongside the likes of Clint Eastwood, James Garner, John Wayne, Cary Grant and Randolph Scott he went on to appear in several TV series that I remember watching on repeat as a child in Ireland including The Beverley Hillbillies and The Twilight Zone.
    • Martha Vickers had appeared in The Big Sleep alongside Lauren Bacall.
    • James Craig had acted alongside everyone from John Wayne to Boris Karloff.

    This gave the director much more creative freedom to make the performances pop on-screen. The climatic plot twist is very good.

    I was inspired by watching Reflection in a Dead Diamond last month to watch Danger: Diabolik. The psychadelic motifs of and dream sequences of Reflection in a Dead Diamond seemed to draw from European cinema’s brief flirtation with super spy and super villain films during the 1960s. Danger: Diabolik was Mario Bava’s and Dino DeLaurentis’ take on the French Fantômas film series.

    Bava’s expertise in genre films and special effects gives Danger: Diabolik a more sophisticated look than you would give it credit. Add in the film’s 1960s modernist aesthetic, James Bond type action sequences and you have a winning film. The humour-heist plot is very of its time but still entertaining and cried out for a remake. Terry-Thomas’ character performance as a government minister in the film is one of brilliance.

    Useful tools.

    I was saddened to read of the demise of The World Fact Book published by the CIA. I found it invaluable as a starting point when getting up to speed on international campaigns on parts of the world that I hadn’t visited. It even helped me win some work with Telenor Myanmar back before the current military regime got back into power. According to this post on the CIA website the World Fact Book is going away.

    This personal productivity playbook by CJ Casseili was interesting to read and some of you may find tips and tricks that you can apply in your own work and personal life.

    Ilina Scott’s quick guide to AI tools for strategists is worth a read if you are just dipping your toe in the field.

    Occasionally software comes along what doesn’t become a mainstream success, but is well loved and much missed when it disappeared. Apple’s HyperCard was one, another was Yahoo! Pipes. The idea behind Pipes has been resurrected and in its latest iteration is very useful, even in a time of AI-with-everything.

    The sales pitch.

     i am a strategist who thrives on the “meaty brief”—the kind where deep-tech or complexity, business goals, and human culture collide.

    With over a decade of experience across the UK, EMEA, and JAPAC, I specialise in bridging the gap between high-level strategy and creative execution. I was embedded within Google Cloud’s brand creative team, where I helped navigate the “messy steps” of global pivots and the rapid rise of Gen AI. And have recently been helping out agencies and startups in various sectors.

    My approach is simple: I use insight and analytics to find the “surprise” in the strategy. Whether it’s architecting an experiential event or defining a social narrative for a SaaS powerhouse, I focus on making complex brands feel human and high-velocity businesses feel accessible.

    The Strategic Toolkit:

    • Brand & Creative Strategy: From B2B infrastructure to luxury travel.
    • AI-Enhanced Planning: Deeply literate in Google Gemini and prompt engineering to accelerate insights and creative output.
    • Multi-Sector Versatility: A proven track record across Tech & SaaS (Google Cloud, Semiconductors), Consumer Goods (FMCG, Beauty, Health), and High-Interest Categories (Luxury, Sports Apparel, Pharma).

    I am officially open for new adventures with immediate effect. If you have a challenge that needs a all-in, hit-the-ground-running strategic lead, let’s talk.

    now taking bookings

    More on what I have done here.

    bit.ly_gedstrategy

    The End.

    Ok this is the end of my February 2026 newsletter, I hope to see you all back here again in a month. Be excellent to each other and good luck with your new year’s resolutions. As an additional treat here is a link to a presentation I gave to the Outside Perspective crew, in Adobe Acrobat format. 

    Don’t forget to share if you found it useful, interesting or insightful as this helps other people and the algorithmic gods of Google Search and the various LLMs that are blurring what web search means nowadays.

    Get in touch and if you find it of use, this is now appearing on Substack as well as LinkedIn.

  • Forgettable cinema

    The idea of forgettable cinema came to me while reading Matthew Frank’s newsletter for The Ankler where he repeated a thought exercise that one of his colleagues posed.

    Name five films of this decade that will go down as classics. 

    Okay, I’m waiting.

    …still waiting.

    I consume cinema the way members of Soho House were famed for consuming gak. Also given my movie tastes, you may disagree with what I think of as classics.

    My answer would be:

    • Sinners – vampires in 1920s America amidst a slice of pre-civil rights life in the deep South
    • The Boy and the Heron aka (How do you live?) – A Studio Ghibli film, like everything from Studio Ghibli it’s a masterpiece. Just watch it in Japanese with English subtitles as the English dub is awful.
    • The Order – Jude Law as an FBI field agent in 1970s American Mid-West hunting white supremacists.
    • The Goldfinger – A retelling of a financial scandal in Hong Kong’s go-go era of the 1970s and 1980s. It draws on the story of the Carrian Group which went belly up in the midst of a corruption and fraud scandal. It saw a bank auditor killed and buried in a banana tree grove. Lawyer John Wimbush was found dead in his home swimming pool. A nylon rope around his neck tethered to a concrete manhole cover at the bottom of the pool. The names had to be changed for legal reasons as the main protagonist George Tan was still alive when the film went into production.
    • The Old Woman with the Knife – A film adaptation of a Korean novel about a skilled female assassin coming up to pensionable age. It is a thriller that also addresses an aging Korean society and the invisibility of older people.

    Bonus

    • Oppenheimer – Robert Oppenheimer biopic by Christopher Nolan that is visually amazing and does some interesting things with the storytelling.
    World Cup

    But the point of the thought experiment was the most films now are forgettable cinema and most normal people would have struggled to name five future classic films.

    They are watched by millions – yet never become part of culture. This idea of forgettable cinema used to be a novel idea with only the occasional blockbuster; notably the Avatar series, falling into this category.

    Now Matthew Frank argues that forgettable cinema applies across all film making output. He described the phenomenon as ‘Cinemanesia’.

    Why do we have forgotten cinema?

    The problem might not be the films or the film making, but the change to discover and rediscover films. Frank posits that this is down to the way we now consume media.

    Pre-Netflix, we had:

    • Repeat showings at the cinema, the most prominent example of this for Londoners would be the ‘sing-a-long’ screenings of The Rocky Horror Picture Show.
    • Movie marathons and midnight screenings.
    • TV re-runs.
    • TV broadcast movie ‘festivals like Moviedrome.
    • Seasonal standards shown on television, such as Holiday Inn at Christmas time.
    • Movie rental shops like Blockbuster.

    There is comfort and familiarity in their repetition. Just in the same way that adverts build mental models, fame and salience in our heads through repeated exposure – classic films do too.

    Yet we have got to a point where storied film actor / director Robert Redford was better known amongst young adults as the person in the ‘nodding with approval’ man GIF as internet meme, than his film career. The GIF came from Redford’s performance in Jeremiah Johnson.

    By comparison Netflix provides us with a conveyor belt of entertaining enough content. We don’t get to build that depth of relationship through repetition. The business model for TV was different. The right films on the right channel had people tuning in because they wanted the familiar.

    Instead what we have now is the video algorithmic equivalent of the Spotify playlist or the shuffle play of an Apple iTunes library. Like the music our relationship is largely broken – we can choose something that suits our mood or a broad range of interests.

    For most of the time the movies and shows aren’t culture shifting.

    Hellhound as a case in point.

    Hellbound_(TV_series)_title_card

    Others like Korean drama Hellbound (지옥) have cultural relevancy for a brief while before disappearing again.

    hellbound google trends data

    I have used Google Trends as a quick and dirty way of showing this phenomenon.

    Google Trends isn’t search volume, but the rate in change of search volume and web search volume is an indicative rather than absolute measure of consumer interest.

    Channeling my inner Marshall MacLuhan: we have forgettable cinema because the medium is disappearing the message.

    All is not completely lost yet.

    All is not completely lost. I am a member of Letterboxd, which acts as a sort of ‘movies watched’ diary for me, (you can find my profile here). The Letterboxd community hosts challenges for its members like the Criterion challenge that encourages members to watch films from the Criterion collection in each of several different categories. It’s dynamic is reminiscent of the photowalks and meet-ups that built a real world community around Flickr the photo-sharing site and helped many develop an interest in photography.

    More posts similar to this one.