YouTubers Are Now the Box Office's Dominant Force
Source: Stratechery by Ben Thompson
The shift reflects an inversion of media power: creators who built audiences through algorithmic platforms and direct fan engagement now command larger viewing bases than traditionally gatekept entertainment. Studios can no longer rely on theatrical distribution as a prerequisite for cultural reach. A 19-year-old with a camera can accumulate more devoted viewers than a $200 million tentpole. The economic consequence: the old intermediaries—studios, networks, agents—lost their monopoly on scale. The new gatekeepers are algorithms and parasocial loyalty.