With e-distribution the price of books and music is inevitably moving towards free. Sooner or later works of art will be similarly reproducable. (They sort of are now, but owning a copy of a Matisse or Picasso is considered gauche so the paintings have relatively little value.)We take the copyright system for granted, but there's nothing sacrosanct about it. Until a couple of hundred years ago, anyone could copy and publish a book or play a piece of music without compensating the original author, composer or musician. The modern notion of IP has been a good thing, especially patents, but it's not some immutable law of economics. Quite the contrary.Writers and musicians will still make a living off their talents, but a bit differently. We already see this with musicians, relying more and more on concert revenue and merchandizing than on CD/download sales.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat