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The Financialization of Modern Media

On this episode of American Prestige, Andrew deWaard on his book Derivative Media: How Wall Street Devours Culture.

Daniel Bessner and Derek Davison

December 17, 2024

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The Financialization of Modern Media w/ Andrew deWaard | American Prestige
byThe Nation Magazine

On this episode of American Prestige, Danny speaks with Andrew deWaard, assistant professor of media and popular culture at UC San Diego, about his book Derivative Media: How Wall Street Devours Culture. The two discuss how the falling rate of profit shapes the modern media landscape, the increased drive toward consolidation in entertainment companies, the big movers like private equity firms, hedge funds, asset managers, and venture capitalists, artists' limited ability to defend themselves, the rise of IP, and more.

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On this episode of American Prestige, Danny speaks with Andrew deWaard, assistant professor of media and popular culture at the University of California–San Diego, about his book Derivative Media: How Wall Street Devours Culture. The two discuss how the falling rate of profit shapes the modern media landscape, the increased drive toward consolidation in entertainment companies, the big movers like private equity firms, hedge funds, asset managers, and venture capitalists, artists’ limited ability to defend themselves, the rise of IP, and more.

The Nation Podcasts

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.

US-Iran Escalations, Israel Expands Lebanon Campaign, CIA Feuds With Intelligence Chief / American Prestige
byThe Nation Magazine

There’s too much Knickerbocker news to fit here, but we do have other stories to report. This week: Iran and the U.S. exchange fire in the Gulf (2:00), plus peace talks stall after Trump adds new demands (4:29); Israel escalates its Lebanon campaign despite ceasefire talks (08:33); Cambodia takes a Thailand maritime dispute to the UN (15:19); in Sudan, tribal clashes kill dozens in South Darfur (17:38); Ukraine strikes St. Petersburg during the city’s International Economic Forum (20:13); Germany loses a UN Security Council vote (21:54); Colombia’s first-round election results see the right gain momentum (24:04); U.S. sanctions hit Cuba-linked hotels (26:36); and Tulsi Gabbard resigns as the DNI faces a CIA feud (29:11). 

Then, Tim Sahay and Kate MacKenzie, co-editors of The Polycrisis, join the show to explain how the climate crisis, Chinese clean-tech, U.S. policy, and the Iran war are accelerating a global shift away from fossil fuels.

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Daniel BessnerTwitterDaniel Bessner is an historian of US foreign relations, and cohost of American Prestige, a podcast on international affairs.


Derek DavisonDerek Davison is a writer and analyst specializing in international affairs and US foreign policy. He is the publisher of the Foreign Exchanges newsletter, cohost of the American Prestige podcast, and former editor of LobeLog.


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