“I think the idea that they’re going to put television shows and movies on the internet, bypass their traditional distribution and have no way of collecting [revenues] is absurd....You’ve got to be very careful what you promise to the public on the internet. They’re going to have a very hard time getting anyone to pay them for their content.”
Malone is, of course, right. Giving away televison shows and movies for free on the Internet is absurd. It defies the economic laws of gravity. But does it really take a multi billionaire media mogul to get something so obvious? Even I, a serially failed Internet guy, understands that when no money changes hands, free content really is just free content.
By the way, I can't wait for Chris Anderson's new book, "Free". I wonder if anyone will be stupid enough pay for it.