Wall Street Journal reporter Ben Fritz talks with Recode's Peter Kafka about his new book, "The Big Picture: The Fight for the Future of Movies." Fritz says the economics of the movie business have been completely transformed by the rise of online streaming services and by brands like Marvel, which have supplanted name-brand stars and directors as the most reliable indicator of a film's success. He explains how Sony fumbled the "Spider-Man" franchise and missed a big opportunity to own the rest of the Marvel characters, and what the big studios are still doing that Netflix and Amazon can't.

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