Ben Thompson, founder and author, Stratechery (Code Media 2017)
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The Law of Conservation of Attractive Profits
There are only two ways to make money: Bundling and unbundling. The way I really like to think about it is in the context of this is a balloon animal. Different media entities had a hold on distribution before pre-entry, which was the squeezing of the balloon. And then that let them bundle on one side things,. And then on the other side, they could capture value from consumers.
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