2min chapter

Plain English with Derek Thompson cover image

How Hollywood Drove Its Business Model Off a Cliff

Plain English with Derek Thompson

CHAPTER

The Rise and Fall of Cable Television

Cable television was akin to a private sector tax system that is basically every single household was paying into the same program you called it socialism. It's just this fantastic way of bundling everybody's money and then distributing distributing it in a socialistic kind of way to all these entertainment companies. Why did it fall apart? I think it's a typical innovators dilemma in a lot of ways so what you see start coming up in 2011 2012 and really 2013 2014 is Netflix kind of come in.

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