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This is a much observed secular trend as Ted Gioia points out, tech platforms are disintermediators, Ben Thompson has been writing about it for ages. Platforms
by Barrin92 4y ago
This is a much observed secular trend as
Ted Gioia points out, tech platforms are disintermediators, Ben Thompson has been writing about it for ages. Platforms give creators the possibility to directly interact with consumers and it's the traditional distributors who are getting canned.
In some cases this has arguably significant downsides, say in the news industry where traditional outlets have many social functions that platform owners don't feel obligated to provide, but honestly record labels with their at times mafia like behavior shaking young artists down have it coming.
- wardedVibe 4y agoThis makes me wonder to what degree will firms in general start dissolving as we move more and more into digital markets.
- gilrain 4y ago> give creators the possibility to directly interact with consumers and it's the traditional distributors who are getting canned If this is true, why are the distributors making bank while the (median) creators are barely scraping by? Your ideal doesn’t match reality.
- infinitezest 4y agoMy guess is that this has to do with volume. If you are a platform and you take a piece of every single artist's income then you're going to make a lot more money than the individual artists.