{"id":1825,"date":"2007-12-19T06:56:02","date_gmt":"2007-12-19T11:56:02","guid":{"rendered":"http:\/\/chimeraobscura.com\/vm\/changents\/"},"modified":"2007-12-19T06:56:02","modified_gmt":"2007-12-19T11:56:02","slug":"changents","status":"publish","type":"post","link":"http:\/\/chimeraobscura.com\/vm\/changents","title":{"rendered":"Changents"},"content":{"rendered":"

David Byrne on the economics of the music industry<\/a>:<\/p>\n

Of course, not everyone is as smart as those nerdy Radiohead boys. Pete Doherty probably should not be handed the steering wheel.<\/p><\/blockquote>\n

Andrew Wylie on the economics of the literary publishing industry<\/a>:<\/p>\n

Um, it’s a very small business, there’s not that tremendous interest available at any given time, so people are interested competitively in what you have, especially if you’re only looking at quality. If you’re playing a higher-risk game, being in the business of quality is a fairly low-risk game if you do it right. The high-risk game is the commercial end. It’s high-risk for everybody, because if it doesn’t work, there’s a tremendous loss to be made\u00e2\u20ac\u201da loss of face, a loss of money. With work of quality, if you don’t make your money back right away, you will over time anyway. So I think we’re the soft and gentle side of the business. We’re the affordable shop in the industry. What we’re selling is going to earn out sooner or later, anyway.<\/p><\/blockquote>\n

Michael Lewis (a prof at WashU) on the economics of baseball<\/a>:<\/p>\n

The problem is that the teams receiving [revenue-sharing] payments have come to use them as a primary source of income \u00e2\u20ac\u201d rather than to build winning teams. The most extreme example has been the Tampa Bay Devil Rays. In 2006, this team had a payroll of about $35 million, $42 million less than the 2006 league average. Not surprisingly, it won only 38 percent of its games and filled less than 40 percent of its seats for home games. It also collected more than $30 million in revenue-sharing transfers. This past season, the team reduced its payroll to $24 million and had about the same level of success. [. . .] The problem is that transfers are based on local revenues. Teams that receive money are encouraged to invest it in their payrolls. But if a team actually attracts fans by fielding a winning team, its revenue-sharing receipts will be reduced.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

David Byrne on the economics of the music industry: Of course, not everyone is as smart as those nerdy Radiohead boys. Pete Doherty probably should not be handed the steering wheel. Andrew Wylie on the economics of the literary publishing industry: Um, it’s a very small business, there’s not that tremendous interest available at any … <\/p>\n

Continue reading “Changents”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[22,27,32],"tags":[],"class_list":["post-1825","post","type-post","status-publish","format-standard","hentry","category-art","category-big-business","category-sports"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4C7K-tr","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":1408,"url":"http:\/\/chimeraobscura.com\/vm\/college-whoops","url_meta":{"origin":1825,"position":0},"title":"College whoops","author":"Gil","date":"March 25, 2007","format":false,"excerpt":"I've learned a ton from reading Charley Rosen's basketball columns, particularly his single-game analyses. He's got a mailbag up this week, and it includes a vituperative response to the \"NCAA or NBA\" question: Although I do not always agree with your opinions, I respect them because you seem to know\u2026","rel":"","context":"In "basketball"","block_context":{"text":"basketball","link":"http:\/\/chimeraobscura.com\/vm\/category\/sports\/basketball"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1868,"url":"http:\/\/chimeraobscura.com\/vm\/risky-business","url_meta":{"origin":1825,"position":1},"title":"Risky Business","author":"Gil","date":"January 29, 2008","format":false,"excerpt":"It's gettin' so a businessman can't expect no return from a fixed fight. Now if you can't trust the fix, what can you trust? For a good return, you gotta go bettin' on chance, and then you're back with anarchy. Right back inna jungle. \u00e2\u20ac\u201dJohnny Caspar, Miller's Crossing In the\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=virtualmemories-20&l=as2&o=1&a=0312420366","width":350,"height":200},"classes":[]},{"id":73,"url":"http:\/\/chimeraobscura.com\/vm\/bear-mauling","url_meta":{"origin":1825,"position":2},"title":"Bear Mauling","author":"Gil","date":"October 14, 2003","format":false,"excerpt":"Over the years, my more intellectual friends have wondered why I watch sports. I'm a pretty devoted NBA fan, despite the low quality of play nowadays. On the first day of the playoffs last spring, the Phoenix Suns pulled off a mind-blowing upset of a win against the San Antonio\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":388,"url":"http:\/\/chimeraobscura.com\/vm","url_meta":{"origin":1825,"position":3},"title":"Pharma BluesGood post by Jane\u2026","author":"Gil","date":"October 11, 2004","format":false,"excerpt":"Pharma BluesGood post by Jane Galt (with TONS of great comments) about the problems with drug pricing in the U.S.In my magazine this month, I posed the following question to my Editorial Advisory Board members for the \"Ask the Board\" feature: \"How do you explain U.S. drug pricing to the\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":234,"url":"http:\/\/chimeraobscura.com\/vm\/wow","url_meta":{"origin":1825,"position":4},"title":"Wow","author":"Gil","date":"May 14, 2004","format":false,"excerpt":"Some of my friends (the non-sporting kind) don't get why I \"waste my time\" watching pro sports. 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