Thursday, October 29, 2009
"End of the world as Hollywood knows it"
New information sharing technologies are showing up almost daily.
No one can be aware of all of them, let alone keep up with them.
The minute something is digitized it becomes available to almost everyone if they know where to look...
No one can be aware of all of them, let alone keep up with them.
The minute something is digitized it becomes available to almost everyone if they know where to look...
At CNET.com, Greg Sandoval writes about the implications:
"I'm sure many of you will write this off as the apocalyptic rantings of Silicon Valley propeller heads. But I urge you to pay attention to recent events.
Over the past five days I've been in Los Angeles talking to entertainment attorneys, studio executives, and some of the tech vendors who do business with the studios. I've been covering the sector three years now and I've never seen people in the film industry so dejected. DVD sales are falling, the number of upcoming film releases is expected to drop. Some big shots have even acknowledged the bleak situation in public. The past weekend, at a conference on the USC campus, Disney CEO Bob Iger said the 'business model that formed the motion picture business...is changing profoundly before our eyes.'
Iger warned that studios must make profound changes, 'or you will no longer have a business.' "
