Quote:
Originally Posted by HarryT
But was this a market failure? Perhaps there was a video streaming service in Germany that she could have subscribed to? (I don't know the answer to that.) The fallacy lies (IMHO) in assuming that buying streaming rights in one country should give you world-wide access. Streaming services would have to charge a lot more than they currently do to be able to sell world-wide rights.
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Why? Stop for a second and ask, why does a producer have to go through a huge number of middlemen to reach the customer nowadays? If you aren't going through a large number of middlemen, explain to me why producer X has to charge lots more money to deliver a product - streaming - to anywhere in the world? (Where's the extra cost?)
I can see the cutting out of a middleman, but at the same time, if the middleman doesn't provide the service in question, at all, they're not being cut out of a profit, because they're not getting a profit in the first place, by choice.
To me, that's a market failure.