The solution to dealing with the changes created by new technologies is embracing them:
Dozens of striking film and TV writers are negotiating with venture capitalists to set up companies that would bypass the Hollywood studio system and reach consumers with video entertainment on the Web.
At least seven groups, composed of members of the striking Writers Guild of America, are planning to form Internet-based businesses that, if successful, could create an alternative economic model to the one at the heart of the walkout, now in its seventh week.
Three of the groups are working on ventures that would function much like United Artists, the production company created 80 years ago by Charlie Chaplin and other top stars who wanted to break free from the studios.
“It’s in development and rapidly incubating,” said Aaron Mendelsohn, a guild board member and co-creator of the “Air Bud” movies.
Hat tip: memeorandum
The Internet has dramatically altered the relationship between the cost of distribution and the cost of development. I don’t know that there are big bucks to be made in Internet entertainment but I continue to be skeptical about the prudence in squabbling over a bigger share of a decreasing distribution pie.