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Originally Posted by raymor
So why are people paying thousands of dollars for a ticket to Sunday's game when they coulda watch another team for free? People pay for or steal Nicki Minaj rather than listening to Leannasuraus Rex's free music for a reason.
The reason is that consumers get value from having the record company scout for the best talent, hook them up with the best producers in the world, record them in a multi-million dollar studio, and then spend millions letting the consumer know about the new talent.
If the record company wasn't doing something the consumer finds valuable, they could very easily skip the record company and download tons of free music. Instead, they want the record company to do the work, but don't want to pay for those services.
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did you even read the article
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What the internet is doing is breaking down the barrier of that scarcity, and that's changing the market, pushing out the supply to infinite levels and putting clear pricing pressure on the content. People used to make a living selling buggy whips too, but the market changed, and they couldn't any more
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copyright law has always been about artificially increasing scarcity, the difference is you didn't have infinite elasticity of supply because the medium was always a bound constraint (cd,dvd).
the internet changes that.