Schumpeter
The emperor's clothes
Like other bosses, media moguls are recovering their poise. But that's no reason to start making daring moves
Feb 25th 2010
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I read: "the iPad has already emboldened book publishers such as Macmillan to demand better terms from Amazon, whose Kindle e-reader was threatening to dominate the electronic-book market and bring down the price of all books"
Why would I be happy with this? I love Apple products by if in the end their new iPad drives to higher prices in e-books, I will prefer to keep on using Kindle and its simple and plain text e-books.
The article about kings having no clothes and media mentions the "global warming" theory in passing. However, as usual with this "newspaper" it completely ignores the FACT that the theory is FRAUDULENT. How can The Economist continue to publish items which show it to be so completely out of touch with scientific facts? Surely, it does itself no good by continuing to support such a fraud. I find it much better now to read other UK publications to get facts about the continuing revelations of this fraud. So sad.
... So let the content cocks crow. But if they start talking about synergies, run for the hills. ...
Is that where Schumpeter's "coming soon" blog went?
The fact is most ordinary people think media content is way over priced. The media boss are just out of touch with the reality if they think they can charge consumer even more.
Wasn't the Disney(media)-Pixar(Apple-technology) a win-win for both the parties? And with convergence in the air, isn't such a merger imminent and of business sense?
Content is indeed the king, and now the emperor (as Guru Murdoch said); but piracy is fast becoming the kingdom destroyer. Better the content, faster it is pirated. New media technology has especially made it a nuisance. Unless a practical and feasible solution to piracy is found, especially of electronic content, investors will soon shy to invest any further in making good content.
Unless resolved, piracy is clear and present danger that can cause the decline and fall of the Content Empire!
It is apparent that not only the emperor has no clothes, but he can't even afford an imperial crown either. The crown he's wearing is an open one, used by kings, not the closed one reserved to emperors