said by 88615298: said by Corehhi:
Money to be made???? IT was a huge amount of money to be made in fact the movie industry never made so much. Rental income plus they could dump crappy movies in a video store and actually make money off of them. VCR's turned out to be the best thing ever for them.
Yes we I that. That was my whole point. Just like when the VCR came out the movie/TV industry was afraid to innovate and embrace a new technology out of fear it would reduce profits. especially when the old ways were still making them money. They could have made billions more if they had embraced the VCR sooner. They are making the same mistake here.
The exception is here people have an easy alternative to getting their content even if it's not legal. And these people will be hard to get back as customers once they go that route. And these people will teach their kids that not paying for content is the way to go. The music industry has learned this hard lesson. There is whole generation that will never pay for music again. Billions were lost and billions will continue to be lost because of that mistake.
Most media is over priced which is also a problem. That's why Itunes did so well, reasonable price, easy to use still DRM problems but it worked and is profitable.