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Originally Posted by Kirtai
Given how digital music exploded in much the same way, I suspect they did foresee it; they simply stuck their heads in the sand just like the music industry did to protect their business models and deals with distributors. (The latter especially)
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Actually, according to one WSJ
ARTICLE,, the reviled , stick in mud BPHs did much better than the music industry in reacting to the digital revolution:
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The book business is now further into its own digital history than music was when Napster died. Both histories began when digital media became portable. For music, that was 1999, when the record labels ended a failing legal campaign to ban MP3 players. For books, it came with the 2007 launch of the Kindle.
Publishing has gotten off to a much better start. Both industries saw a roughly 20% drop in physical sales four years after their respective digital kickoffs. But e-book sales have largely made up the shortfall in publishing—unlike digital music sales, which stayed stubbornly close to zero for years.
.This doesn't prove that music lovers are crooks. Rather, it shows that actually selling things to early adopters is wise. Publishers did this—unlike the record labels, which essentially insisted that the first digital generation either steal online music or do without it entirely.
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