The Apple/U2 Things is Just the Beginning of of Major Changes in the Entertainment Industry
Think that the music industry is part of the entertainment business that’s getting all f**ked up by changes in technology and consumer behavior? Then think again. From TechCrunch:
Of all industry roller coasters, the music industry must be the wildest.The last 30 years reshaped the business in a way we never could have imagined. Music as a product changed dramatically (e.g. from LPs to MP3s) and the ups and downs in worldwide sales would make the most hardened theme park visitor queasy. Nonetheless, we have yet to experience the biggestswitchback on this rollercoaster ride.The clues for what’s around the next turn lie in a sister industry — movies.
It’s a good read. Lately, I’ve been thinking about all those giant multi-screen movie theatres. A Silver City complex maybe 15 years old near by house is being demolished. Too many screens, too many seats to support the demand. This is just the tip of a major real estate crisis for the movie biz. You watch.
(Thanks to Peter for the link.)
