Hollywood appears to have peaked. If it were an ordinary industry (film cameras, say, or typewriters), it could look forward to a couple decades of peaceful decline. But this is not an ordinary industry. The people who run it are so mean and so politically connected that they could do a lot of damage to civil liberties and the world economy on the way down. It would therefore be a good thing if competitors hastened their demise.
I have been wondering about this for a little while now. The tech industry is almost completely powered by VC investments. Someone has a good idea, some rich guy/girl or group agrees and throws their money in for a percentage of ownership. When Color received $41 million in VC funding the tech industry was in uproar. That would be enough to make "Good Will Hunting" 4 times over or a little more than the budget for 2010's "Kick Ass".
This industry is in the prime position to be disrupted. The funding is around. Customers are unhappy with the current industry. Not to mention the incumbents are trying to ruin the internet. The MPAA needs to go, and the ability to make that happen is within our grasp.
If the horse and buggy industry had the ability to lobby Congress and make internal combustion engines illegal they would have. We cannot let dying industries ruin the future we intend to build.
[Via SplatF]
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