The perils of plenty: David Galbraith is obsessing on the end of scarcity in media.
First, he quotes a report on Kevin Werbach’s speech to TV Meets the Web:
The notion that many media organisations currently depend on their revenues through the assumption of
I’m curious… what do you think is going to happen when hardware storage devices make the next great leap (which is just around the corner)? When a single cd can hold 170 gigs. My personal opinion is that it’s going to drive content prices down. Imagine (no pun intended) if you could get the entire Beatles catalogue on one CD? And these could be .wav files instead of .mp3s. What if you could get every episode of the honeymooner’s on one disk? What are you going to be willing to pay for that?
The dilemma I see facing the media companies is this, “are people going to pay a ton of money for the WHOLE beatles catalogue, or are they going to be happy with a disk that is only half full?” I think they are also going to bump up against the question of the new versus the old. When you had to listen to the Beatles on vinyl, then the lastest Beck cd might be more convenient, but if they’re both in the same medium; the old is able to complete on a level footing with the new. Cheap storage and lots of it is going to lead to “things fall apart; the center cannot hold; Mere anarchy is loosed upon the” … media providers.
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