Today in Social

I probably shouldn’t talk so much about traditional media, but my digital music forecast report is coming soon. Meanwhile, here are two intriguing, not to say contrary, points of view on modern media. Venrock’s David Pakman points out that compared with traditional media, digital media usually cuts consumer prices, breaks up bundles and results in an an overall smaller pie. That last point is controversial – any net increase in consumption is outweighed by the first two characteristics. But it’s certainly the case in music so far. In a comment response, Pakman says he doesn’t think existing media companies will be able to accommodate this. Meanwhile, Mark Cuban makes a pretty good case that “big media isn’t as stupid as it used to be,” and that the traditional TV industry is better off than you might expect.