Earlier quoted context omitted.
But Hollywood funds artists. My issue with pg's post is it's a clarion call to kill an industry without considering what that industry does and who that industry supports. If someone can think up a better system I'm all for it. There's no shortage of startups creating media for online dissemination. But as of right now none of them manage to support artists like the traditional system. So I don't disagree with you. I…
It's not a clarion call to kill an industry, it's a clarion call to accelerate creative destruction on an industry. All that does is puts the bad entities out of business and creates new entities. Sure, there will be some labor displacement, but that's the nature of capitalism. The fact of the matter is that it is inevitable. You can't stop it. The fact that hollywood feels that they have to sue and legislate to prot…
The most effective solution to problems with the media industry has always been the same: Collaboration.
Look at allthestepisodes.com. This is a site that allowed people to watch every Star Trek episode for free and I personally know an actor who lost residuals because of it. But that problem is gone now. Their traffic has been in a freefall (http://siteanalytics.compete.com/allstepisodes.com/)
Why?
Because Netflix offers all those episodes now. Neflix, a company that engaged the industry rather than trying to kill it, solved that problem and everyone's happy. No one's killed or arrested or anything of the sort.