And the real question is: will history repeat itself with Netflix, et al? HBO demonstrates that it’s still an open question.
As long as I am given the option to purchase content without advertisements I will do so. If I can't watch a piece of content without ads, I'll either wait until I can or pirate it. Usually the former. Frankly I think content is just overvalued and the actual creation of content is extremely inefficient, from a financial point of view. My personal experience has been that Hollywood film/television studios are poorly…
A lot of the silliness in things like how much stars are paid seems applicable to software development — tiny incremental value adds become very substantial with a large enough audience.