Internet service providers (ISPs) have watched their numbers of high speed subscribers rise in parallel with increasing revenue, helping to fuel the growth of their other businesses, such as mobile networks and content services.įinally, computer manufacturers, software firms, microchip makers and other technology companies have seen demand for their products explode as consumers sought faster, larger-capacity machines and more convenient portable devices that were capable of getting and playing all that digital material.Īlthough the world has effectively said goodbye to the Walkman, the boombox and the VCR, the digital revolution has produced the iPhone, the Kindle and TiVo. Movie rental businesses such as Blockbuster are facing the prospect of bankruptcy as they fight against Hulu, YouTube and The Pirate Bay.Ĭompanies that have played a role in the build out of the Internet that consumers demanded with the rise of digital media have benefited handsomely. Music World and Tower Records stores have been replaced by iTunes and eMusic. Record stores, which once were the front lines of the music industry, are folding as consumers turn to the Internet. Competing with free has become a Sisyphean task for media companies struggling to maintain their footing while rapidly trying to adapt to the new consumer reality.ĭisseminating that content has produced its own stars and dogs over the past 10 years as the digital sands shift. Newspapers such as the Rocky Mountain News and Seattle Post Intelligencer stopped printing while others hemorrhage cash. Record companies and movie studios claim they're losing billions in revenue. Now, it's not the only version in the marketplace, there's also a version in the marketplace that has a price of whatever the creator intended, but it's happened and there's nothing new about it." "Every bit of music, every bit of content, every bit of software has had its price reduced to zero. "Every movie has had its price reduced to zero," Chris Anderson, editor in chief of Wired Magazine said in an interview.
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