Thursday, October 22, 2009
The New (New) Mediaconomy
It’s a clash of civilizations: the paywalls are rising again, Rupert’s on a rampage against the Internetz, and the subtext is none too subtle.
It’s a clash of civilizations: the paywalls are rising again, Rupert’s on a rampage against the Internetz, and the subtext is none too subtle.
“…Sales of his recordings through Sony’s music unit have generated more than $300 million in royalties for Mr. Jackson since the early 1980’s.”
Want to know why we have a zombieconomy? Because the beancounters killed the incentives to create real value. Let’s use Michael Jackson’s tragic death as a mini case-study. $300 million over, for example, 25 years? That’s $12 million a year.
Umair Haque wrote recently that the reason there aren’t more Googles is that most start-ups get bought before they can change the world. “Google, despite serious interest from Microsoft and Yahoo–what must have seemed like lucrative interest at the time–didn’t sell out,” Haque said. “Google might simply have been nothing but Yahoo’s or MSN’s search box. Why isn’t it? Because Google had a deeply felt sense of purpose: a conviction to change the world for the better.” This has a nice sound to it, but it isn’t true …
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