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Posted in IPTV, Television, Music, News on November 17th, 2007. By Eduard F. Vinyamata.
Rebuilding Hollywood in Silicon Valley’s Image (via Digg)
“The writers’ strike, and the studios’ response to the strike, may radically accelerate a structural shift in the media industry — a shift of power from studios and conglomerates towards creators and talent.”
“I believe the entertainment industry is in the early stages of being rebuilt in the image of Silicon Valley.”
“As consumers — even alienated consumers — it would be sad to see the TV shows and movies we love not get made during a protracted strike. And certainly many people throughout the extended ecosystem of the entertainment industry — most of them not rich and not famous — will suffer financially.
However, in the event of a long-term strike, out of the ashes of the traditional model would — I believe — come the birth of certainly dozens, maybe hundreds, and possibly even thousands of new media companies, rising phoenix-like into the global entertainment market, financed by venture capital, creating amazing new properties, employing large numbers of people, and rewarding their creators as owners.”
Warner Music chief has epiphany, praises Apple (via Digg)
“We used to fool ourselves,” he said. “We used to think our content was perfect just exactly as it was. We expected our business would remain blissfully unaffected even as the world of interactivity, constant connection and file sharing was exploding. And of course we were wrong. How were we wrong? By standing still or moving at a glacial pace, we inadvertently went to war with consumers by denying them what they wanted and could otherwise find and as a result of course, consumers won.”
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