Some pretty interesting stats from Bambi Francisco:
Not only are some consumers not paying for content, some are displacing those heretofore assigned to create it and others are affecting the economics by their online-sharing behavior.
That additional power given to the audience is evident in the financial results of many companies.
In the magazine industry, advertising pages at Time Warner Inc.’s Time magazine were down 23.8% in 2006 from 2000, according to Publishers Information Bureau. Newsweek’s ad pages fell about 17.6% in the same period.
In the newspaper industry, the New York Times stock has been halved since trading above $50 in 2002.
In the music industry, sales of CDs have been declining in the last seven years and fell 20% in the first quarter of this year. And a significant distribution channel of music in the last two decades — retail outlets — saw 800 music stores shut down in 2006.
Subscribe: