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"a $200 cell phone can record higher quality video for a longer period of time than a $15,000 professional camera and $40,000 worth of film could 15 years ago"

Definitely untrue. Consider just the lens.



Noted. I'm willing to rescind that bit, unnecessary hyperbole intended to drive home the point that most of the scarcities which have driven up the real costs of media production over the years have recently evaporated, yet the "budgets" and the compensation which producers expect—and apparently, "deserve"—remain astronomical.

You'll note that despite its phenomenal financial success, Avatar was unsuccessful in its bid for Best Picture, an accolade which one would assume is of greater importance than "moneymoneymoneymoneymoney" to artists (read: the people who actually make this stuff). The Hurt Locker—a film which cost ~$11M to produce—came away with that honor. Perhaps if Mr. Gianopulos is concerned with ensuring his fair compensation, he should stop allowing James Cameron to convince him it costs $300M to make a movie people will pay to see.

As an aside, if you want to float me $55,000 I bet I can find a way to arrange a few dozen iPhone camera sensors into an array that would beat the pants off of any "professional" solution available c. 1995.




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