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5min chapter
How Hollywood Drove Its Business Model Off a Cliff
Plain English with Derek Thompson
The Impact of the Internet on Video Entertainment
Julian Zelizer: It's amazing to see video entertainment become just the next chapter in the long book. This is what Internet does to you, right? He says it takes what used to be a local publishing monopoly and turns it into a marketplace of abundance. Zelizer: The value of every individual spin goes from being relatively valuable in the hardware world to much less valuable in the streaming world. "I think Bob Chirok gets a lot of hate but I think it's one of the dumbest things," he adds.
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