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Join Date: Jan 2010
Device: Libre Pro/ Jetbook, 9" Pandigital Novel
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I agree with many things said in this post, and now I am going to say my two cents.
There are certain things that impending technology will eventually make certain things obsolete. Keep in mind, there will always be someone who has to be nostalgic, and so therefore there will always be a small niche market for the things that I mention. I am going to make a list, and give some explanation behind my list for each one.
1. Video stores are now an obsolete business model. Of course, there are some Blockbusters, Movie Galleries, and Mom & Pops still left and these will probably slowly bleed themselves to death over the next ten years. Netflix and their business models adaptability, pretty much has put the nail in the coffin for most video stores. Of course at some point we will get another Net Flix type business that will actually become competition for them. One thing that had propped the Video Stores up when Net Flix first came out was the instant gratification of having that item in you hand immediately, now for a low monthly price you can get many movies, and TV series streamed to you almost instantly. Why would you go pay $3-4 and gas to rent a movie for one night, when you can stream instantly what you want when you want it, Net Flix doesn't close. I know that Blockbuster is attempting to mimic that now, but I think that they might be a little late in the game for that. I know that Net Flix isn't perfect and the technology isn't quite there yet, but it will be in a couple of years.
Big Chain B&M bookstores are going to become a thing of the past, once the online retailers, and publishers get their heads out of their butts, and start pricing the books that people want at a reasonable price point. Right now, I don't see how anyone justifies charging even $10 for an e-book, there is almost no production cost involved in an e-book (other than marketing, writers fees, and editing cost), but rather they are as much as they are so that the publishers and the book stores can bankroll some to the cost that they are losing by actually publishing a large number of books, which isn't cheap by any means. Once again, there is a long way too go before e-readers, and tablets are really the best than they can be (I think that they should be book scented for instance) because for avid readers like myself, I miss somethings about p-books, but once I got use to my e-reader, I haven't looked back, e-readers, at least for me are truly way more convenient, I can carry 5,000 books with me and they just weigh seven ounces, where as if they were real hard back books, I might be able to comfortably in a back pack carry around, maybe six. Again, the technology isn't here yet to get a large percentage of people to completely drop p-books, and for me they are a nice tie-in as part of home furnishings, and it may not be e-readers or tablets that people start using, but, maybe something that is in development or something that hasn't be thought of yet,though, this is where our technology and culture is leading us.
Records, Cd's, Tapes, etc... well on this one as to not beat a dead horse, most people know that MP3 and soon to be FLAC or some other lossless file is where what we listen to is heading.
It should be noted that comics are also going to take a hit in publishing, but probably not as to the severe amount that the other items listed here are going to be, because that is already a pretty small niche market that many people will continue to buy print copies, holding on to the hope that one day it will be valuable.
The things that many of the companies that fail, they had like of vision, and didn't won't to risk on an unproven technology as a reliable income stream or were just to set in their ways, and the ones that are going to succeed, generally said where is the video, book, and music market going to be, where is the technology going to be, where can we get ahead of our bigger and more seasoned competitors.
Also, these technologies could be a positive thing for many small publishers, and musicians, and film companies, because they can charge less, and make more off of their product, and with less cost you open yourself up to more people in the market, so therefore more customers, and much more money, if they are willing to change when the next curve comes.
Hopefully, this is coherent, presents what point I was trying to make, and isn't chocked full of grammatical errors(It is late, and I am tired).
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