Quote:
Originally Posted by kane
While I think piracy has hurt the various media industries I don't know that these four are a good example. Blockbuster and Hollywood video fell behind the times. Netflix and Redbox killed them. People got sick of paying $4 for a rental and then seemingly always getting stuck with late fees.
Tower, along with many record companies were hurt because of the ability to buy music online. No longer did a person need to go to Tower and buy a full length CD for $15-$20 when they can just pay 99cents for the songs they want.
Borders had the music problem, plus they don't have an e-reader.
Sure, piracy hurt them all, but I think in these cases letting technology pass them by was just as big a reason.
|
Exactly what I was going to post.
I don't know anyone personally who doesn't have a Netflix subscription. Most people I know own Kindles, and nearly everyone I know actively purchases on iTunes.
These businesses died because of a shift in the marketplace, and a complacent attitude about their business model, not a direct result of piracy.