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Business & Marketing Item of Interest Media Consumption

Hollywood is about to repeat the mistakes of the music industry?

Every indication that the movie studios have learnt nothing from the RIAA debacle of the last decade.

Hollywood is about to repeat the catastrophic mistakes of the music industry. http://tinyurl.com/3spfm4o

Slate magazine’s Bill Wyman argues that the movie studios are repeating the mistakes of the record labels of the last decade, by refusing to adapt business models, suing customers and trying to make their business model problem a legal one.

Right now, in fact, the movie and TV business looks a lot like the music one did in the early 2000s. And as we’ve seen, that decade didn’t work out too well for the labels. So it’s worth looking at the situation and wondering how things are going to fare in the TV and movie world in the decade ahead. It can all be summed up in one single sentence. I’ll get to that in a minute.

He goes on to demonstrate how the legal offerings are inconvenient (at best) for the legal customers making unauthorized distribution not only cheaper but a significantly better product:

The trouble facing the movie industry right now is the same one the music industry had to confront 10 years ago. This is the summing-up sentence I referred to above:

The easiest and most convenient way to see the movies or TV shows you want is to get them illegally.

and

Again, to belabor the obvious: The illegal version isn’t just free. It’s better.

He goes on to suggest the solutions, but read the whole article (please), before commenting

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