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The music industry is not going to cripple itself -- they still have control over the strongest marketing avenues (and indeed you'll see that usually what's bre
by clicks 14y ago
The music industry is not going to cripple itself -- they still have control over the strongest marketing avenues (and indeed you'll see that usually what's breaking into Singles Chart in US, UK and elsewhere are records being recorded, produced by major labels).
There was news this week about movie industry having its best year this year for some time, I do not think the music industry is much different. It's doing well and it'll continue to do well. It will change and adapt, as it's already doing, but it'll be gradual change. I like your sentiments on 'sharing' and technology in the end winning, but there is no significant evidence to think that is how things will play out.
- alexqgb 14y agoThe record recently set by Hollywood did not pertain to the industry as a whole (which is what you assert). It pertained only to box office revenue, which is simply one source of income among many relied on by producers to recoup the costs of their productions. Moreover, the 'record' isn't really a record at all, in that it's measured in dollars that haven't been adjusted for inflation. The moment you start comparing apples and apples, it turns out that Hollywood's best year at the box office was 2002. As an aside, those familiar with the development of digital video, the practice of DVD ripping, and the infrastructure for online exchange, will recognize 2003 as the point where pirating movies switched from a theoretical possibility to a technologically feasible proposition.