Technological Progress and the Music Industry
Michele and Russ discuss how technological progress is disrupting the music industry, leading to job losses and the need for industry restructuring. They explore the impact of piracy and the pricing strategies of platforms like iTunes, highlighting the gap between what consumers are willing to pay and the current market prices. The conversation also touches on the value of the distribution system and the missed opportunities for cultural norms and bypassing traditional channels.In this clip
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Michele Boldrin on Intellectual Property
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