Meaning: Michael Eisner, a prominent businessman and former CEO of The Walt Disney Company, expressed this quote in the context of the ongoing technological revolution in the entertainment industry, particularly in Hollywood. The quote reflects the acknowledgment of the significant impact of technological advancements on the way entertainment is produced, distributed, and consumed. In this era of rapid technological change, Hollywood is facing a wave of disruptions that are reshaping the industry in profound ways.

Eisner's reference to "the current angst over all the implications of new entertainment technology" underscores the apprehension and uncertainty prevalent in the industry as it grapples with the implications of these technological changes. This sentiment is not new and has been echoed throughout history during previous periods of technological innovation. From the advent of television to the rise of streaming platforms, each new wave of technological change has brought about challenges and opportunities that have sparked anxiety and debate within the entertainment industry.

One of the most significant technological changes affecting Hollywood is the digital transformation of content production, distribution, and consumption. The shift from traditional filmmaking to digital production techniques has revolutionized the way movies and television shows are created. Additionally, the rise of streaming services and on-demand content platforms has transformed the way audiences access and consume entertainment, challenging the traditional theatrical and broadcast models.

Furthermore, advancements in visual effects, animation, and virtual reality have expanded the creative possibilities for filmmakers and content creators. These technological innovations have not only revolutionized the art of storytelling but have also raised complex questions about intellectual property rights, piracy, and the monetization of digital content.

The quote also alludes to the ongoing debate surrounding the impact of new entertainment technology on the traditional business models of the industry. The proliferation of digital platforms and the democratization of content creation have disrupted the longstanding power dynamics and distribution channels within Hollywood. This has led to a reevaluation of revenue streams, advertising models, and the economics of content production.

Moreover, the convergence of technology and entertainment has given rise to new challenges related to privacy, data security, and ethical considerations, particularly in the era of big data and personalized content recommendations. As Hollywood adapts to these changes, it must navigate the ethical and legal implications of data collection, algorithmic content curation, and the protection of user privacy.

In conclusion, Michael Eisner's quote encapsulates the profound impact of technological change on Hollywood and the broader entertainment industry. The ongoing wave of innovation poses both challenges and opportunities for content creators, distributors, and consumers. As Hollywood grapples with the implications of new entertainment technology, it must embrace innovation while addressing the complex issues of creative control, business sustainability, and the ethical dimensions of technology integration. This quote serves as a reminder that, despite the current angst, the entertainment industry has historically adapted to technological change and emerged stronger, more resilient, and more creative.