The era of "creative destruction" in media and entertainment is best thought of as a round-robin boxing match. It is time to reassess the prospects for the three contenders: (i) artists; (ii) media companies; and (iii) technology. Each of them, we believe, continues to bob, weave, block, and jab - and the outcome remains in doubt.
Round 1 went to technology, or more specifically, the technology companies. Beginning with Microsoft in the early 80's and through Google today, cyber-Sugar Ray Leonards...
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