Jessamyn West links to a good comment from publisher Tim O'Reilly about how technology is upending business models:
I don’t doubt that in the long run, there will be new long-tail economic models that support investment in specialized forms of content that don’t have the volume to be supported by advertising, but we’re heading for a really tricky period where the old models will be dead before the new ones have arrived.
Agreed. I'm fairly blase about how the publishing business will shake out, eventually. But in the meantime, the growing pains will be rather intense - something the music industry is experiencing and which the Kodak Company wisely foresaw and prepared for.
1 comment:
What does "long-tailed" mean?
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