Free Ride
How the Internet is Destroying the Culture Business and How it Can Fight Back
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- $15.99
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- $15.99
Publisher Description
'Information wants to be free' says influential technologist Stewart Brand at a 1984 hacker convention. These words became the mantra that shaped the Internet, and the conflict he predicted has led to a revolution in the way that our culture is funded and consumed.
We have come to demand free content online, mistaking the packaging of physical products for what we were actually paying for- the creative content. Newspapers are being pressurised to give their content away for free online; music sales have plummeted due to piracy; and Amazon is using its market power to drive down the price of ebooks.
Technology companies are making millions from content created and funded by others, reducing the value of culture in the process. How did the media industry lose control over its destiny? What are the consequences? And are we headed for cultural meltdown if the media can't stop the free ride?
PUBLISHERS WEEKLY
With penetrating analysis and insight, Levine, a former executive editor of Billboard magazine, dissects the current economic climate of the struggling American media companies caught in the powerful fiscal grip of the digital industry. The author argues that newspaper, music, and film industries presently record weak revenues and ad support, while customers turn to the music and information of the Internet's iTunes, Rhapsody, Netflix, Google, and others, assisted by strong government aid in funding and legislation. Levine aptly points out a critical conflict: "Most online companies that have built businesses based on giving away information and entertainment aren't funding the content they're distributing." He is most convincing in his belief that the declining quality of information in the print business results from decreasing investment, adding that the consumer is the victim of the emphasis on profits and greed. One intriguing section of the book is the excellent comparison of the domestic market and the European digital industry, with robust regulations and willingness to protect copyrights and privacy. Maybe Levine has not gone far enough in spelling out how the media can get its mojo back, but this incisive book is a start at an informed dialogue.
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