A Quote by Mike Medavoy
The entertainment business is and always has been about money, and it's about, 'Does that person merit that salary?' The fact is that that the business, in my view, has been somewhat bankrupt for years - only the new media made it viable.
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The entertainment business is and always has been about money, and it's about, "Does that person merit that salary?" The fact is that the business, in my view, has been somewhat bankrupt for years - only the new media made it viable.
Wrapping rubber bands around a watermelon is not journalism. It is entertainment. But the key to success in media has always been a broad mix of serious reporting and entertainment. The New York Times does not make its money on reports about Iraq and Syria. It makes money on its gardening section, food and, yes, stories about cats. "The Today Show" is a very successful program because it is a mix of the celebrity chef and the crazy pet who does the rolls and serious news and interviews.
There have always been extraordinarily tough men in the business of sports-entertainment. My view is that one can't be in the sports-entertainment business successfully and long term without being tough.
A lot of people go into the bar and nightclub business thinking: 'Hey, we can make money for a year or two, close and then open again,' but for me, it's always been a business and it's always been about longevity.
I've always been really picky about roles and make a point of reminding myself that it's not about the money - because, obviously, there's a lot of money to be made in this business if you're willing to do anything.
There is a terrible thing that's been happening probably for the last 20 years or so and it's called the music business. And music isn't really business; it's work and you got to pay and you've got to buy your guitar or go into the studio. So there is a business side but when people say, "I'm going into the music business," it's not. It's about expression. It's about creativity. You don't join music, in my mind, to make money. You join it because it's in you; it's in your blood stream.
Since I was 9 years old, I've been in the entertainment business, and everyone is always telling me what - and what not - to do... you just get a tough skin and have to not care about what people think, or you will not end up in a good place.
I'll come back to New York. I think I'll start focusing in more on the entertainment business. I have been doing some of that already, all kinds of monkey business. But I'm all over the place, literally.
The business is about coming up with a business plan and using your relationships and networking and seeing your dreams come true. Everyone on this show has their own business. Fifteen minutes of fame is fleeting. It's about learning the business and creating a new business.
I've been famous for years through my entertainment programs, through my show business activities and my business.
We have always been a nation that has celebrated success of various kinds. The kid that gets the honor roll, the individual worker that gets a promotion, the person that gets a better job. And in fact, the person that builds a business. And by the way, if you have a business and you started it, you did build it. And you deserve credit for that.
I remember listening to an interview with Beyonce and she talked about how she and her husband, Jay-Z, have always made it a point to have the conversation about them be about their music, not about their business, not about their personal business.
I like the fact that now my understanding for entertainment and the entertainment business is completely different from what it was when I first came in. I get the business side of it.
My best business decision is always to have been unembarrassed about negotiating a decent deal. Not being coy or shy about money is second nature to me.
I was a salary man for so many years. I never had to worry about the ins and outs of business or entrepreneurship or funding. I just had to show up and do my job. And then, all of a sudden, I was having to be responsible for my own business.
Call on a business man only at business times, and on business; transact your business, and go about your business, in order to give him time to finish his business.
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