Truth & Treason in the Era of Trump

Ron Watermon • November 10, 2025

A reflection on the power of true stories and the cost of silence in an age of lies

I didn’t expect to get emotional in the movie theater that afternoon. But as the credits rolled on Truth & Treason, I sat in the dark with my wife, profoundly moved. 


The film chronicles the real-life courage of Helmuth Hübener, a German teenager who defied Hitler’s propaganda by distributing leaflets of truth. He was executed for treason at seventeen. 


It’s one of the best films I’ve seen in a long time.


Watching it, I realized it wasn’t just about Nazi Germany. It was about what happens when fear, fatigue, and convenience persuade decent people to stay quiet while bad things happen around them. In that sense, it was a message to me about what I need to do as a filmmaker, a business owner, and as an American.


That is why I’ve decided to violate one of my Cardinal rules of business with this article. 


For years, I’ve believed in civility. Diplomacy. I built a career around respect, meeting people where they are, avoiding politics, and finding common ground. 


My diplomacy-first approach has served me well for most of my life.  But I also know that my tendency for conflict avoidance is a fault.


Lately, I’ve started asking a harder question:


At what point does restraint, conflict avoidance, and staying silent become complicity?


My work these days centers on helping people take control of their stories. But watching Truth & Treason made me realize something deeper: stories don’t just reflect who we are, they shape who we become. And in an age where lies move faster than light, maybe telling the truth is the most radical act of all.



My Documentary Director's Perspective

That sense of history repeating itself has haunted me since I began directing Steak Guerrillas: The Dr. Arturo M. Taca Story. The documentary follows the extraordinary life of Dr. Arturo M. Taca, a Filipino physician who fled the Marcos regime, resettled in St. Louis, and devoted his life to pushing Filipinos to stand up against dictatorship.


Having worked in politics and lobbying, I was drawn to Dr. Taca’s story because I wanted to understand how democratic disagreement can transform into hate and how political opponents can turn into enemies.


As a physician, Taca swore the Hippocratic Oath to do no harm, yet he found himself fighting a dictator who weaponized lies and fear. He got to the point that he advocated for the use of violence and then helped secure explosives, guns, and money to help wage a guerrilla war. I wanted to understand what drove him there.


“When you deal in politics, it’s difficult to separate the personal from the political,” Taca once told a reporter after a pipe bomb exploded outside his Illinois clinic. That wasn’t a lament—it was a statement of fact. He lived his convictions even when they carried a cost.


That quote has been playing in my head of late, especially as we work to finish the film.


Through Taca’s story, I’ve come to understand how easily a democracy can collapse from within. Ferdinand Marcos didn’t seize power overnight; he dismantled institutions piece by piece. He used fear to justify censorship, rewarded loyalty over merit, enriched himself while imprisoning opponents, and replaced truth with propaganda until millions believed him.


The story of Dr. Taca isn’t just about the Philippines. It’s about the fragility of freedom everywhere. It is about how democracies die slowly, through polite silence and exhausted consent. Fascism rarely arrives with fanfare. It comes disguised as patriotism. I used to think that couldn’t happen here in the United States. Now, I’m not so sure.


When I hear calls to punish the press, when I see academic freedom dismissed as elitism, when public broadcasting—the soul of civic storytelling—is defunded, I think of dictators like Marcos. He, too, rebranded censorship as “national unity.”

Like Hitler, he made truth the enemy.


Lügenpresse was the Nazi-era predecessor to the “fake news” moniker popularized by Trump. The tactic behind the approach is part of the propagandist playbook. 


We are asked daily to prove our loyalty—to party, tribe, or algorithm—rather than to principle. But democracy isn’t a spectator sport. It survives only when enough people refuse to play along with the lies.


 

When Silence Stops Feeling Safe

My friend, let’s call him David (name changed for his family’s safety), understands this better than most. David’s a gifted storyteller I’ve worked with over the years.


Last year, the day after the election, we filmed together at his place, working on our pitch video for Steak Guerrillas.

Before that day, we were both hopeful about the future. The industry felt alive, the country uncertain but resilient. But this was the day after the election, and we all felt different now. 


I remember David telling me that he and his wife had decided to move to Canada before their kids started school. Their youngest child is transgender, and before the election they were increasingly uneasy about the direction of the country.


After the election they felt their fate was sealed and moving was no longer a choice but an imperative.


He said it matter of fact - almost apologetically, like someone saying something they weren’t sure they were allowed to feel.


At first, I thought it was temporary anxiety—something that would pass when things calmed down. But over the next several months, I watched him turn fear into a plan. He rented his house, packed his family, and moved to Canada.


They started over from scratch in a new country because they believed it was the only way to keep their child safe and have peace of mind.


David isn’t paranoid. He’s Jewish. History has taught him that when powerful people begin to dehumanize others, it’s time to pay attention.


When anyone like David feel they must flee their own country, something fundamental is broken. I support his decision completely, but I’m heartbroken that he had to make it.


His departure feels symbolic of something bigger—a quiet exodus of good people from the public square, pushed out not by persecution but by exhaustion, cynicism, and fear. When anyone feels they must flee their own country, something fundamental has broken.

 


The Power of Art to Warn

I used to believe art and politics were separate spheres. Films could “rise above” ideology. I don’t believe that now. I believe every story carries moral DNA.  Even neutrality has consequences.


To not speak of evil is to speak. To not act is to act.” — Truth & Treason


There comes a point where we must all act. Helmuth Hübener’s moral compass came down to a single line of faith: “Do what is right; let the consequence follow.”


To make films about truth in an era of disinformation is inherently political, whether we admit it or not. The question is not if our work takes a side, it’s which side of history it chooses.


Director Matt Whitaker spent two decades fighting to bring Truth & Treason to life. Watching his persistence reminds me why I became a filmmaker in the first place.


Matt’s work affirmed that my own creative shift—from fee-for-service storytelling to independent truth-telling—is the right one.


The world doesn’t need more content. It needs more courage. And it needs more truth.

 


America’s Rapid Descent

We like to think authoritarianism happens elsewhere, or that we’d recognize it before it arrived. But it doesn’t work that way. It creeps in quietly through fatigue, fear, and the small compromises we tell ourselves are harmless.


What’s most alarming about our current moment is how fast it’s happening. I see the military presence in our cities, the assault on academia, the hollowing out of journalism, the consolidation of media and tech—all within a year.


Over the last few years, I’ve also experienced a bullying presence of mean-spirited, ignorant angry mobs of highly opinionated “friends” on social media pushing people into corners. It is a troubling fact of life.   


I’ve watched the takeover of cultural institutions, the purging of dissenting voices, and our fragile documentary ecosystem brought to its knees. Today, the documentary economy looks like the east wing of the White House. It is sad.


When I study Marcos, I see how easily power and wealth merge into something toxic. He turned government into a personal fortune machine, using fear and greed to control his opponents. Trump has done the same, wielding tariffs, lawsuits, and political theater to reward loyalty and punish dissent. He allows cronies and foreign investors to buy influence and control in industries once thought untouchable.


The pattern is always the same: leaders erode accountability by eroding empathy. They make cruelty feel normal. They make truth feel optional. They teach us that there are different rules for different people, until no one is safe.


It’s alarming to see respected institutions—law firms, universities, corporations—capitulate to power in real time. It’s as if they’ve internalized the words of that great Canadian philosopher from our “51st state,” Geddy Lee:


Conform or be cast out.”


While I empathize with their Rush to kiss Trump’s ring, I’m reminded of another insight by the Canadian rocker that speaks to the acquiescence that enables authoritarianism to take hold. 


Choosing not to decide, you still have made a choice.”   


That insight drives my shift from sitting on the sidelines to speaking out. When you see something, say something. Morality matters. 

 


Tell The Truth – Let the Consequences Follow

For years, I told myself that avoiding politics was professionalism. I didn’t want to alienate clients or collaborators. I convinced myself my role was to help others tell their stories, not to insert my own.  It was my lawyer mindset, stepping in as an advocate. 


But silence tells a story too, and I’m not proud of the one mine has told.


I’ve come to believe that the antidote to fascism isn’t politics—it’s storytelling. True storytelling. Because stories humanize what fear dehumanizes. They remind us that truth isn’t an abstraction; it’s lived experience.


Every time we record a testimony, preserve a family’s legacy, or finish a documentary like Steak Guerrillas, we’re doing more than making art. We are defending truth itself. In a time when institutions are collapsing, individual storytellers must become the new press corps of conscience.


Courage rarely looks cinematic. It’s not a grand speech or a final stand. Most days, it’s quieter. It is the decision to speak honestly in a meeting or to tell a hard truth even when it risks comfort or revenue.


Successful filmmaking, like democracy, depends on collaboration and integrity. Both falter when fear dictates the script. We need independent creators willing to let truth, not approval, be their metric for success.


That’s why at STORYSMART® we’re building a studio model where artists share ownership and responsibility for truth-telling alongside those who lived the stories.


If we want honest stories, we must build honest, equitable systems to make them.


At its core, storytelling is an act of empathy.  It asks us to inhabit lives not our own, to feel what others feel, to remember what power wants us to forget. That’s why tyrants fear artists—not because art is partisan, but because empathy is destabilizing. Seeing from another perspective can shift your own.


When we tell Dr. Taca’s story, or David’s, or Helmuth Hübener’s, we’re not just preserving history, we’re interrogating our own comfort to reach a universal truth.


The future of democracy may depend less on politicians than on storytellers.


The public square has migrated from town halls to social platforms. Narratives, true or otherwise, now shape reality faster than policy does. That’s a terrifying power if left to algorithms or angry mobs with agendas alone.


We need independent creators, journalists, filmmakers, and citizens who treat truth as a collective inheritance, not a commodity.


That’s why it is important to help people own their true stories before someone else weaponizes them or exploits them for their own gain or agenda.


Truth-telling can’t just be reactive. It must be aspirational, helping us make sense of things while envisioning what we still can become. 


Every authentic story, no matter how small, plants a flag for empathy. Empathy is the key ingredient to storytelling and our shared humanity. Without it, what do we have?  How do we relate to one another or even co-exist?


I return to a question that haunted me in the theater that day:


What would I have done in 1930s Germany?


Or 1970s Manila? Or today in the United States of America?


The answer, I hope, is this: I would tell the true story. 


That’s what Helmuth Hübener did with his leaflets.   


That’s what Dr. Taca did with his memoirs.


That’s what filmmakers like Matt Whitaker have done on screen. 


Storytelling won’t topple tyrants overnight, but it can fortify the human spirit that outlasts them.


I agree with Matt Whitaker when he says, “art leads culture, and culture leads politics”.


If we want a politics grounded in truth, we must first create a culture brave enough to tell it. We may not all hold cameras, but we all hold stories. And each story told truthfully is a strike against the darkness. 


Truth may be treason in an empire of lies, but it’s the only kind worth committing. 


--Ron Watermon

 


About the Author

Ron Watermon is a filmmaker, author, and founder of STORYSMART®, a story development film studio that helps individuals preserve, protect, and profit from their true stories.


He is currently directing Steak Guerrillas: The Dr. Arturo M. Taca Story, a documentary exploring courage, truth, and the cost of resistance. Learn more at storysmart.net, ronwatermon.com and steakguerillas.com


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It’s a system. What we’re witnessing is the formalization of a pipeline that has been developing organically for years: Short-form → Audience → Proof of Concept → Long-form → Monetization That pipeline used to be fragmented. It is now being institutionalized and that changes everything. A “New” Studio System Is Being Built To understand why this matters, it helps to zoom out. The traditional studio system operated like this. Studios sourced or acquired IP. Studios then developed the projects internally. They controlled production and distribution. Creators were hired to execute. In that model, power flowed downstream from the studio. What we’re seeing now is the inversion of that model. Today creators originate IP. They build audiences directly. Platforms identify what’s working and then invite creators upstream into long-form development. That’s not a minor shift. That’s a structural reorganization of the industry. Tubi isn’t just licensing content. It’s building a development pipeline fed by creators who already have validated ideas and audiences. They have built a following and are consistently engaging with that audience. TikTok isn’t just distributing content. It’s functioning as a global story testing engine. Put those together, and you don’t have a partnership. You have a modern studio system. Short-Form is the New Development Slate One of the biggest misconceptions creators still have is thinking of their short form content as the “end” product. It’s not. It’s the beginning. What used to be a script, a pitch deck, or a sizzle reel is now a feed. Every post is a test. Every series of posts is a proof of concept. Every engaged audience is a signal that there is an appetite for more. It is also validation of episodic entertainment. In Hollywood, development executives used to ask: Does this story work? Is there an audience? Can this scale and will we make money? 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Like any asset, its value is determined by ownership, structure, how it is developed and how it is positioned in the market. What this Tubi + TikTok initiative validates is that the market is now actively seeking well-developed story assets originated by creators. But most creators aren’t prepared. They have content. They have audience. They even have momentum. But what they often lack is a clear story architecture and well-organized, copyright-protected source material with clear rights clarity and smart development strategy. That’s where the gap is. And that gap is exactly what the STORYSMART® framework is designed to solve. Because when a platform comes calling, the question becomes are you ready to scale your story or are you just reacting to the opportunity? The STORYSMART® Media Mogul Mindset This is where mindset becomes strategy. The creators who will win in this new environment are the ones who stop thinking like content creators and start thinking like media companies. That means treating short form as development, not output. It means building stories intentionally, not accidentally. Most importantly, it means understanding right and ownership from day one and structuring projects for long-term value. It’s the difference between “I have a following” and “I have an IP pipeline.” That’s the STORYSMART® Media Mogul Mindset. And it’s no longer optional. Because the industry is moving in that direction with or without you. Why This Moment Matters Right Now Timing is everything. We’re at a point where several forces are converging. Streaming platforms need cost-efficient, proven content. Creator platforms have massive talent pools and data. Audiences are already conditioned for episodic, bite-sized storytelling and technology has democratized access to quality production. That convergence creates opportunity. But it also creates competition. Because as more creators enter this space, the differentiator won’t be who can create content. 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Sadly, the journalist at the center of All the Empty Rooms had been covering school shootings for years. Not just parachuting in for headlines, but returning, revisiting, staying in relationship with the people living in the aftermath. And over time, something shifted. When you cover enough of these stories, there’s a risk that sets in, not just for the audience, but for the person doing the work. A kind of cultural numbness. Another headline. Another mass shooting tragedy. Another news cycle. I think what began to take hold for the journalist was a discomfort with that rhythm. Because what he was seeing up close didn’t feel like headlines. It felt like lives that had been interrupted. Rooms that had been left behind. Families carrying something that doesn’t resolve. CBS journalist Steve Hartman started to realize that the way these stories were being told, fast, efficient, fact-driven, wasn’t capturing what he was experiencing. For him the question became: What would it look like to tell this differently? The Ethical Weight of Going Deeper That question isn’t just creative. It’s ethical. Because once you decide to go deeper, you’re asking something of people. You’re asking to enter their space. Their homes. And in this case, that wasn’t taken lightly. In fact, there was real hesitation. A kind of dread, even, about what it would mean to show up with a film crew and ask families, who had already been through so much, to open their doors again. There’s a line you don’t want to cross. As a journalist, you’re trained to be mindful of that. To not exploit. To not intrude. And yet, something unexpected happened. Families said yes. Not because they wanted to relive the worst moment of their lives. But because they understood what he was trying to do. He wasn’t there to document the tragedy. He was there to document the life. That distinction matters. He was interested in who their child was. What they loved. What filled those rooms before they were empty. In a way, he was helping them protect something that felt at risk of being lost—not just memory, but identity. Not just how their child died, but how they lived. The Power of Small Details That intention shows up in the way the film is constructed. There’s no rush to get to the point. No urgency to explain everything. Instead, the camera lingers. On photographs. On objects. On rooms that still hold the shape of someone who isn’t there anymore. And that’s where the film does something that reporting alone can’t. Because when you read an article, you move at the pace of information and your deadline. When you watch a film like this, you move at the pace of presence. You sit in it. You notice things you might otherwise pass over. A jersey on the wall. A bed that hasn’t been made. A photograph that suddenly carries more weight than it ever did before. Those details don’t just support the story. They are the story. A Deliberately Narrow Frame One of the most interesting creative decisions in All the Empty Rooms is how narrow it is. This isn’t a sweeping examination of school violence. It doesn’t try to cover every angle or offer a comprehensive analysis like college thesis. It stays focused. Photographing rooms. The elements are rooms. Photographs. Fragments of conversation. Personal video clips. A reporter carrying the weight of the story. And the reporting journey that ties it all together. That constraint is what gives it power. Because instead of expanding outward, the film goes inward. It doesn’t try to explain everything. It lets you feel something. And that’s a different kind of storytelling. Why This Became a Short Film I think this is where a lot of people misunderstand the role of short films. There’s an assumption that a short is just a smaller version of a feature. But in cases like this, the short format isn’t a limitation. Quite the opposite. This film works because it’s compressed. Because it doesn’t overextend. Because it trusts that the weight of what you’re seeing doesn’t need to be stretched into something bigger to be meaningful. In fact, doing so might have diluted it. What you have here is essentially a single premise: What remains after someone is gone. And instead of building that into a broader narrative with multiple arcs and threads, the film stays with that premise. It isn’t overthinking it. It is built with quiet observation. Verité. Silence. Detail. It is powerful because of that. It becomes immersive precisely because it doesn’t try to be expansive. And that’s a lesson in and of itself. Not every story needs to be bigger. Some stories need to be more focused. The Moment the Story Changed If you step back and look at this from a process standpoint, there’s a moment in every project like this where something shifts. Where the person doing the work realizes: This isn’t just an article. That moment doesn’t come from nowhere. It comes from accumulation. From years of interviews. From relationships that have been built. From material that has been gathered but not fully used. Because in journalism, you often collect far more than you publish. You distill. You compress. You extract what fits the format and your deadline. But the full story - the conversations, the pauses, the emotional texture— often stays behind. In filmmaking, that’s the raw material. And in this case, that material had been building for years. Seven years of it. At some point, the realization becomes unavoidable: There’s more here. Talk to any journalist and they will tell you they wish they had more time and space to go deeper and tell the more impactful story. I’m grateful that Steve Hartman and photographer Lou Bopp embarked on this journey together and decided to go the next step of bringing in Joshua Seftel to document the journey. What This Says About Journalism This is the part that keeps coming back to me. Because if you’re a journalist, none of this should feel foreign. You already know how to find stories. You know how to build trust. You know how to ask the questions that matter. You’re already doing the hardest part. What’s different is how that work gets developed. In journalism, the goal is to make deadline. In filmmaking, the goal is to build something that can be experienced over time. And that shift from output to development is where I see the biggest gap. Because most stories are treated as something you finish. You write them. You publish them. You move on. You’re on the deadline hamster wheel. That is how I felt working in baseball. After today’s game, we haven another game, and another and so on. But in the context of this story, what if that’s not the end? What if it’s the beginning? The Stories That Stay with You Every journalist I know has a few stories that don’t leave them. The ones that stick. The ones where the relationship didn’t end when the article was published or the story was broadcast. The ones where you know, deep down, that you only told part of it. Those are the stories I think about when I watch a film like All the Empty Rooms. Because those are the stories that have the potential to become something more. Not because they’re bigger. But because they’re deeper. From Reporting to Filmmaking When I talk about STORYSMART®, one of the core ideas I come back to is this: You’re not just creating content. You’re creating assets. And what you have, if you’ve been doing this work for any length of time, is a body of material that likely goes far beyond what you’ve published. Interviews. Audio. Video. Notes. Relationships. Access. Ideas that won’t leave your head. Probably multiple story angles and competing ideas fight for primacy in your brain. I know I get that way. It is almost like a March Madness bracket of ideas that pull at your heart. I’m here to tell you that all of body of work in your files are storytelling source materials. It might be the foundation of a film, but it only becomes that if you recognize it. If you treat it as something worth developing. If you think beyond the first version of the story and you are willing to collaborate with others to take it to the next level. Coming Back to the Rooms When I think about All the Empty Rooms, I don’t just think about what’s on screen. I think about everything that made it possible. The years of reporting. The relationships that were built. The trust that was earned. The hesitation that had to be worked through. The decision to go deeper. The willingness to give back and share a gift with the families you covered. And ultimately, the choice to tell the story in a way that resists the pace of everything else around it. To slow down. To sit with absence. To let the rooms speak. That doesn’t happen by accident. The Question I Keep Coming Back To If you’re reading this and you’ve spent time reporting, I think there’s a simple question worth asking: What story have you already told that isn’t finished? Not unfinished because you didn’t do the work. Unfinished because there’s more there than the format allowed you to share. Those ideas fighting to advance further. I can tell you this for fact: there are stories sitting in notebooks, in transcripts, in hard drives right now that have the potential to become something far more enduring than a single article. In some rare cases, it might be something like All the Empty Rooms. Something that doesn’t just inform. But stays with you. From reporting to something that lasts in the hearts and minds of your audience. And once you start to see your work through that lens, you begin to realize the story may already be there. The question is whether you’re willing to follow it a little further. About the Storytelling for ALL® Newsletter The Storytelling for ALL® LinkedIn Newsletter is a biweekly newsletter examining how stories are developed, protected, and brought to life in today’s evolving storytelling economy. Every other week, I explore the creative, ethical, and economic forces shaping books, films, documentaries, and other story work through the lens of development, rights, collaboration, and long-term value. Written primarily for creators and collaborators, the newsletter also serves story sources who want to understand how their true stories move from lived experience to finished work and how better structure early leads to better outcomes later. For deeper studio thinking, tools, and updates, The STORYSMART® Way is our monthly email newsletter for members of the Storytelling for ALL® community. About Our STORYSMART® Perspective We approach storytelling and filmmaking as a long-term, rights-first business rather than a project-by-project creative exercise. Our focus is on understanding how stories create value over time through ownership, disciplined development, and thoughtful risk management. The ideas shared here are intended to contribute to a broader conversation about sustainable, independent media, not to promote specific projects or investment opportunities.
By Ron Watermon March 9, 2026
In 1989, something unusual happened in Hollywood. An actor who was already one of the biggest stars in the world decided to take less money. That actor was Jack Nicholson. The film was Batman. And the role was the Joker. Nicholson could have demanded a massive paycheck. At the time, he was already commanding salaries around $10 million per film, extraordinary money in the late 1980s. Instead, he negotiated a different kind of deal. He took a lower upfront salary and asked for something far more interesting: A share of the upside. Specifically, Nicholson negotiated participation in the film’s gross box office, along with revenue from licensing and merchandising tied to the character and the film. While estimates vary, the consensus is that his deal ultimately earned him somewhere between $60 million and $90 million. For a film released in 1989, that was staggering. But the bigger story isn’t just how much money Nicholson made. The real lesson is how he thought about value. Nicholson wasn’t just negotiating as an actor. He was negotiating like a partner in a story. And that mindset of understanding the economic value of storytelling offers a masterclass for anyone working in the creative economy today. A Time When Batman Was a Risk It’s easy to forget how uncertain the project looked at the time. It was a different world then. It wasn’t a foregone conclusion that the film would be successful. Today, Batman is one of the most valuable franchises in entertainment history. But in the late 1980s, the character’s most prominent screen appearance was the campy 1960s television series starring Adam West that I watched in syndication growing up in 70s and early 80s. The darker, cinematic version we now associate with Batman didn’t yet exist. It was more “cartoonish” and cheesier. Rebooting Batman for the big screen was a risk. The studio taking that gamble was Warner Bros., and the director attached to reinvent the character was Tim Burton, who at the time had directed Pee-Wee’s Big Adventure and Beetlejuice, was considered talented but unconventional. The film was a major bet. But Nicholson understood something important about bets. They become less risky when the right people attach themselves to them. He understood the leverage he had, as well as impact his involvement would have in the production. When Nicholson agreed to play the Joker, the project immediately gained credibility. His involvement signaled to audiences, investors, and the industry that this wasn’t just another comic book adaptation. It was an event. That’s the power of attaching talent to a project. Certain names bring legitimacy. They bring attention. They bring marketing gravity. And they often bring audiences. In other words, they bring financial value. It is what they mean by “bankable name.” Nicholson knew that his name would dramatically increase the film's chances of success. So instead of treating the project as just another acting job, he negotiated accordingly. Like a vested partner. The Bet That Paid Off The gamble worked. Batman became a global blockbuster, grossing more than $400 million worldwide, an enormous number at the time. It launched a new era of comic book films and helped establish the modern superhero franchise model. But perhaps even more importantly, it helped unlock the long-term value of the Batman intellectual property. That value didn’t end with one movie. It became a massive money-producing story franchise with all kinds of derivatives springing from that success. Over the decades that followed, Batman became a massive portfolio of storytelling assets: films, animated series, television shows, merchandise, licensing deals, games, streaming content, and more. The cumulative value of that franchise now reaches into the multi-billions. That is the power of story-driven intellectual property. It compounds. Nicholson understood that dynamic before most people in Hollywood did. By negotiating participation in the story's success, not just his performance, he aligned himself with the long-term economics of the franchise. In effect, Nicholson traded short-term certainty for long-term participation. And he won. He won big. Why This Deal Changed Hollywood Nicholson’s deal didn’t just make headlines. It helped change how creative talent thinks about compensation. For A-listers, it became a template. It impacted the talent market like how a big free-agent deal in baseball impacts other players entering free agency. The market is always moving. The entertainment industry is no different. For decades, actors were largely paid salaries. The studio took the financial risk and the studio captured most of the upside. Nicholson’s agreement demonstrated something different. He learned a lot from his One Flew Over Cookies Nest back-end deal. “Do I look like the kind of clown that can start a movement?” the Joker once asked. Well, Nicholson wasn’t crazy or joking. He started something. Looking back now, it is a masterclass lesson for us. When key talent contributes meaningfully to a project's success, sharing in the upside makes sense. It aligns incentives. It rewards creativity. And it encourages collaboration. It creates more “ownership” in an agency and incentive context. Today, backend participation is common for top actors, directors, and producers. It’s now an expected part of major deals in Hollywood. But deals like that didn’t appear out of nowhere. They evolved because people like Nicholson demonstrated that creative talent could think like partners, not just hired hands. That shift changed the economics of filmmaking, and it reinforced a fundamental truth about storytelling businesses: The story is the asset. All who contribute to it should share in the rewards. Why Story IP Matters More Than Ever This idea becomes even clearer when you look at the broader business context of the entertainment industry today. Major studios aren’t valuable just because of their production capabilities. Their true value often lies in their libraries of intellectual property, the characters, stories, and worlds they own and control. Those catalogs have generated revenue across multiple platforms for decades. Smart stewardship of IP is a critical cornerstone of how creators should be approaching their work in our modern media landscape. Anything otherwise would be malpractice in my mind. While the world is buzzing about two other letters – “A” and “I” – Artificial Intelligence, the smart folks are focused on two letters that are much more important – “I” and “P”. Intellectual Property. Big catalogs of IP are one of the reasons companies like Warner Bros. Discovery remain attractive targets for mergers and acquisitions. Their balance sheets contain something incredibly valuable: vast collections of storytelling IP that can be exploited to create wealth for decades to come. Every time a classic property is rebooted, adapted, streamed, licensed, or merchandised, the value of those assets continues to grow. Batman is one of those crown jewels. And Nicholson recognized that long before most people were talking about “IP portfolios.” He understood that when you participate in a great story, you’re participating in an asset that can live far beyond a single production. It can live on well past you. It can create profound generational wealth. I think about that a lot. A kid from Missouri drew a cartoon mouse and built an empire that now carries my Mizzou basketball and football games. That is the power of creative IP. The Lesson for Creators Today Jack Nicholson’s deal offers several lessons for creators working today, especially independent filmmakers, writers, and producers. First, creative contribution has economic value. Actors, writers, directors, editors, and producers all contribute to the success of a project. When their work meaningfully improves the story, it increases the value of the final asset. Second, attaching talent changes everything. Projects gain legitimacy when respected collaborators join them. Investors feel more confident. Audiences pay attention. Momentum builds. This dynamic plays out constantly in the film industry. The right director, writer, or actor can transform how a project is perceived. Third, shared upside creates alignment. When everyone involved in a project contributes to its success, they show up differently. The energy shifts from “this is my job” to “this is our project.” That difference can be enormous. And that principle brings me to something I’m experiencing firsthand. Building a Film the Nicholson Way I’m currently directing a documentary film that I believe has the potential to reach audiences meaningfully. Like many independent projects, it’s being produced on a modest budget. But one of the ways we’re approaching the project is directly inspired by the philosophy behind Nicholson’s deal. Instead of trying to pay everyone large upfront fees, which would be impossible on an independent budget, we’ve structured agreements that combine modest compensation with generous backend participation. In other words, we’re sharing the upside. That approach allowed us to attach talented collaborators who believe in the story and want to help bring it to life at the highest level. The goal is simple: Produce a film that looks like it cost ten or twenty times what it did. That becomes possible when people care deeply about the outcome. When everyone has a stake in the project's success, the creative energy multiplies. The Philosophy Behind STORYSMART ® This idea of shared upside isn’t just a tactic for one film. It’s part of a broader philosophy that guides the work we’re building with STORYSMART ® . Storytelling is fundamentally collaborative. Great stories are rarely created by a single person working alone. They are built by teams of talented people bringing their skills together. When those collaborators share in the story's success, everyone wins. Creators feel valued. Projects attract stronger talent, and the resulting stories become more powerful. Jack Nicholson may not have used the language of “story IP strategy” when he negotiated his Batman deal, but he clearly understood the underlying economics. He recognized that the true value wasn’t just the paycheck for playing the Joker. The real value was the story itself and the franchise it could become. By betting on that story, Nicholson didn’t just play the Joker. He rewrote the rules of creative economics, and more than three decades later, the lesson still holds. When everyone shares the upside, everyone cares more about the outcome. That simple idea may be one of the most powerful tools storytellers have. About the Storytelling for ALL ® Newsletter The Storytelling for ALL ® LinkedIn Newsletter is a biweekly newsletter examining how stories are developed, protected, and brought to life in today’s evolving storytelling economy. Every other week, I explore the creative, ethical, and economic forces shaping books, films, documentaries, and other story work through the lens of development, rights, collaboration, and long-term value. Written primarily for creators and collaborators, the newsletter also serves as a resource for story sources who want to understand how their true stories move from lived experience to finished work and how better structuring early leads to better outcomes later. For deeper studio thinking, tools, and updates, The STORYSMART ® Way is our monthly email newsletter for members of the Storytelling for ALL ® community. About Our STORYSMART ® Perspective We approach storytelling and filmmaking as a long-term, rights-first business rather than a project-by-project creative exercise. Our focus is on understanding how stories create value over time through ownership, disciplined development, and thoughtful risk management. The ideas shared here are intended to contribute to a broader conversation about sustainable, independent media, not to promote specific projects or investment opportunities.
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