http://www.antitrustreview.com/archives/1211 News and commentary about antitrust, economics, technology, policy Wed, 07 Jan 2009 08:13:01 +0000 http://wordpress.org/?v=2.2 http://www.antitrustreview.com/archives/1211#comment-10325 alan Wed, 31 Oct 2007 23:21:36 +0000 http://www.antitrustreview.com/archives/1211#comment-10325 <p>Apple single handedly saved the music industry. They have given the consumer what it wants - high quality, unbundled music distributed in a highly efficient manner in exchange for a market price. The "traditional" media executives still have not figured out that their mode of distribution is, for many consumers, outmoded, and their stranglehold on the artist is likewise outmoded. In addition, Apple solved the piracy problem through innovation. Innovation - maybe the media executives ought to try that.</p> Apple single handedly saved the music industry. They have given the consumer what it wants - high quality, unbundled music distributed in a highly efficient manner in exchange for a market price. The “traditional” media executives still have not figured out that their mode of distribution is, for many consumers, outmoded, and their stranglehold on the artist is likewise outmoded. In addition, Apple solved the piracy problem through innovation. Innovation - maybe the media executives ought to try that.

]]> http://www.antitrustreview.com/archives/1211#comment-10311 Hanno Kaiser Wed, 31 Oct 2007 16:27:25 +0000 http://www.antitrustreview.com/archives/1211#comment-10311 <p>More to the point, Apple might have destroyed profits from an outmoded distribution model. It certainly has not destroyed the "music business." It's funny how profits are seen as entitlements. The complaint that "Apple’s iTunes digital media store was undermining the ability of traditional media companies to sell their content online at profitable rates," simply means that disruptive competition is driving down costs and prices to the benefit of consumers. "Way to go, Apple!" is all that I can say.</p> More to the point, Apple might have destroyed profits from an outmoded distribution model. It certainly has not destroyed the “music business.” It’s funny how profits are seen as entitlements. The complaint that “Apple’s iTunes digital media store was undermining the ability of traditional media companies to sell their content online at profitable rates,” simply means that disruptive competition is driving down costs and prices to the benefit of consumers. “Way to go, Apple!” is all that I can say.

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