Miramax Boss States Monopolies Really are a Bigger Threat Than Piracy

Piracy will get the brunt from the blame for media companies' dwindling profits, but Miramax Boss Mike Lang states that isn't always the issue with media companies nowadays monopolies are.

Lang became a member of Netflix chief content officer, Ted Sarandos, in the MIPCOM conference, an entertainment conference frequently locked in Cannes, where they expressed their opinions throughout a keynote. As lengthy as possible give customers what they need, it's not just a problem, opines Lang.

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The easiest method to cope with piracy (yes, despite college kids) would be to offer [a] legitimate and great service on their behalf. Lang includes a point: Netflix and Hulu are great good examples of effective business models which have offered movies online towards the public, although illegal movie downloads clearly remain probably the most cost-efficient option.

Then he continued to convey he thinks the primary problem indeed lies with digital monopolies using Apple's digital music business have you think you would be free from Apple news today like a prime example.

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Apple may be the most powerful company within the music business because there is insufficient competition, but still even today there's insufficient competition. Being an industry it cannot then influence, packaging, retailing everything which are vital, Lang stated. Sarandos chipped in, observing how important the distribution process is. They are driving the purpose home, he recommended that Walmart transformed the a lot more than Napster ever did.

Tha harsh truth You best discover a method to provide customers what they need, that is difficult to do inside a monopoly-controlled industry, or they'll discover a method to have it.

[via TorrentFreak]

Erica Ho is really a reporter sometimes. Find her on Twitter at @ericamho and Google+. You may also continue the discussion on TIME's Facebook page as well as on Twitter at @TIME.

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