Not really, but what if they did?? Would you be better or worse off? Would Blockbuster and/or DVD producers be better off if they allocated resources to stop or slow down the conversion of entertainment delivery on the internet? They certainly would have a huge financial incentive to do so, but would WE be better off if their narrow interest was served instead?
The process of creative destruction is taking place in the way we get our movie entertainment delivered to us. In class I use the evolution of how we get music delivered to us as an example of creative destruction. This ability to "let go" of industries that no longer serve a prominent role in the market place is key to advancements in products and services that make our lives better, for the most part.
From The Economist: SALES of DVDs in America are falling according to Adams Media Research. Revenues dropped from $12 billion in 2004 to $8.7 billion in 2009 as people rediscovered the joy of renting. Legal film downloads brought in just $250m last year. Hollywood is keen to sell films online and a consortium, the Digital Entertainment Content Ecosystem (DECE), which includes five of the big studios, recently agreed on a format for digital films and a way of keeping track of purchases. Film fans will be able to buy a movie once and then play it on different gadgets. But the price must be right. If it is too low the studios will revolt fearing a loss of DVD sales and if charges are too high people will continue renting or download illegally.While markets are rightly criticized for performing poorly at times, we must stop and appreciate the truely wonderful things we benefit directly or indirectly from as a result of limited interference in the evolution of new products and ways of doing things....To that end, as I press the "Publish Post" button for this entry, I am thankful for the ease of use this tool gives me to communicate my thoughts to you...:)
It would be impossible for that to happen. The demand is there, for the entertainment delivery on the internet. Think about it. Consumers are changing these days and they (we) believe that it most anything and everything should be availiable whenever and however they want it. If one service provider does not have it or gets rid of it, the consumers as the marketing audience, will move on the another service. Making the conversion of entertainment delivery on the internet illegal or slowing it down will just make the market audience angry. Let's just say when that happens, becarful with what you put on the internet. Hackers will go wild and the government will most likely be screwed. The vast information of technology has it's uncharted terriorties. I don't know if this is true or not but there are probably some people out there that have already found loopholes that they have not reported. All to prepare for a just incase moment. But who cares, these are just some of my thoughts.
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