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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.

The Biden Administration’s Complicity in Gaza w/ Akbar Shahid Ahmed / American Prestige
byThe Nation Magazine

Danny and Derek welcome back Akbar Shahid Ahmed, Diplomatic correspondent for The Washington Sun and author of Crossing the Red Line: Biden, His Advisors, and Israel’s War on Gaza, to talk about the Biden administration’s role in enabling the genocide in Gaza. They discuss the conditions in the Strip as of the current day; Biden’s small inner circle of Antony Blinken, Jake Sullivan, and Brett McGurk; Jack Lew’s role of ambassador and the dubious war crime review process he implemented; the Rafah red line and its immediate collapse after Israel invaded; and the Democratic Party’s domestic political miscalculations heading into 2024 and 2028.  

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Daniel BessnerTwitterDaniel Bessner is a historian of US foreign relations and is the author of, among other books, Imperialist Realism.


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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