Ben Silverman's DumbDumb Deal
Yes, this deal is as DumbDumb as you can get.How to build a successful startup: Step #1 - Use Barry Diller's money to fund a vanity production label with a friend from high school.
Yes, Jason Bateman and Will Arnett (in particular) are talented guys but anyone who thinks they will spend any real time on this venture is out of their minds. Sure, we'll get the standard Will Ferrell-type Funny of Die videos of Bateman and Arnett walking around with a steady-cam eating Doritos and improvising about how easy this internet stuff is - but will anything of value come out of DumbDumb?
Ben Silverman knows the answer to this and laughs at how DumbDumb some people must be. I would imagine Barry Diller also knows the answer. Unfortunately, he's the ultimate DumbDumb in this equation for funding Electus in the first place.But for now... it's all just so exciting. I know I'm just a cockeyed optimist, but I just can't wait for Ben to change the world again. And I'm super glad that they took the time out of the arduous process of building the successful DumbDumb business model to appear in Las Vegas for the announcement (along with the awesomely hilarious Notional CEO Lord Ricky Van Veen).
I just hope it's not the same business model that Ben Silverman developed for Electus: Spend $100 million on the development (but not the execution) of digital content and when that money is gone - launch another start-up with another sugar daddy.
Jill Kennedy - OnMedea0 TrackBacks
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4 Comments
About Jill Kennedy
Jill Kennedy is an Ivy League MBA / refugee from Lehman Brothers.
Manka Bros. (and the Manka Business Channel) hired her (for a very low sum) to cover the world of media (not the world of Medea) in her own words without corporate interference.
About Medea
Medea was a real bitch from classical mythology - as most famously dramatized by Euripides.
She was a sorceress and wife of Jason, whom she assisted in obtaining the Golden Fleece. When Jason deserted her, she chopped up their children. One could say, Medea acted as rationally as a major media company.
Tips, Scoops and Smoking Guns
Don't blame the celebrities. They're just cashing the checks. it's the idiots who give them the checks that are the problem here. Digital content with celebrities never really amount to much more than a press release and a party.
dumbdumb is right. All these wanna be moguls should look at New Line or Miramax or any of those, eventual, successful models. Finding low cost content that appeals to a solid core audience. Build from there. Look at how fast DreamWorks burned through their initial capital. You can't buy marketshare. that $100 million will be gone. I want to see if Electus paid for Bateman and Arnett's hotel rooms in Vegas.
Lady your a hater. Ricky van v is the freakin' man!
Damn right, Jill. Silverman is as sleazy as they come and I don't understand why people keep giving him money.