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The ‘Mad Men’ Economic Miracle

Cable TV has developed one of the most clever business models in our modern economy. (…)AMC(…) tweaked its business and began offering two or three hours of original programming on a few dozen nights a year. (…)This business model, perhaps as much as artistic creativity, is responsible for TV’s current golden age. Networks have effectively entered into a quality war. Basic-cable channels have to broadcast shows that are so good that audiences will go nuts when denied them.

via The ‘Mad Men’ Economic Miracle –