Tipping Hollywood The Black Spot
The Economist,
Aug 31, 2003
Discussion from the Economist around the movie industry's failure to plan effectively for the inevitable sharing of movies, television programs and other video content. Holloywood's sole saving grave so far has been the size of movie files, which makes them impractical to share. But as bandwidth and computer power increase, the fate of the music industry (which has seen sales decline 25 percent) looms closer and closer. Hollywood's response, what the article calls "an Orwellian project to 're-educate' the young", will not convince anyone. "The campaign is unlikely to have much effect, industry-watchers say, as everyone knows how many millions the latest blockbuster grossed and how much the star got." The article has it right: lower prices, better distribution, and a little honesty. Probably too much to expect, though.
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