Another Podcast Breaking and remaking media
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Feb 16, 2024 Exploring the impact of technology on various media formats such as books, music, movies, TV, and newspapers. Discussing the challenges of digital disruption, the evolution of ebooks and digital music, the popularity of live sports, and the influence of the tech industry. Also uncovering examples of cutting through pricing structures and how new technology has changed the economics of music and newspapers.
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Differential Impact of the Internet on Media
- The internet's impact has varied across media formats.
- Books and movies remained largely unaffected, while music and newspapers experienced significant disruption, and TV is now at an inflection point.
How the Internet Disrupts Media
- The internet disrupts industries by unbundling products, offering better content delivery, and providing superior advertising options.
- Music and newspapers suffered because of bundled products and outdated revenue models.
Why Digital Music Thrived While Ebooks Didn't
- Digital music succeeded because instant access and portability are valuable, unlike ebooks.
- Music consumption differs from books or movies because shorter durations allow for varied listening.