This talk was given at a local TEDx event, produced independently of the TED Conferences. The ways that people are consuming films has changed radically especially over the last decade, but has the Hollywood business model kept pace? Frank Smith shares his ideas on the nature of change in the movie industry and its value in a personal sense and a business dynamic.

Frank Smith is chief operating officer of Anschutz Film Group (AFG) and Walden Media. Smith has been with AFG since 2003, but currently oversees all aspects of AFG's operations (development, physical production, publishing, marketing and outreach, finance, legal and business affairs). He also works directly with The Anschutz Corporation on strategic planning and general operational issues. During his tenure with AFG, Smith has been lead counsel overseeing large budget motion picture franchise projects, co-production finance and distribution deals with major studios, as well as structuring foreign corporations for multijurisdictional film production tax incentives.

About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)