How Digitization Has Created a Golden Age of Music, Movies, Books, and Television

@article{Waldfogel2017HowDH,
  title={How Digitization Has Created a Golden Age of Music, Movies, Books, and Television},
  author={Joel Waldfogel},
  journal={Journal of Economic Perspectives},
  year={2017},
  volume={31},
  pages={195-214}
}
  • J. Waldfogel
  • Published 1 June 2017
  • Business
  • Journal of Economic Perspectives
Digitization is disrupting a number of copyright-protected media industries, including books, music, radio, television, and movies. Once information is transformed into digital form, it can be copied and distributed at near-zero marginal costs. This change has facilitated piracy in some industries, which in turn has made it difficult for commercial sellers to continue generating the same levels of revenue for bringing products to market in the traditional ways. Yet despite the sharp revenue… 

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