The Long Tail: The Economics of Variety
Meh, I must stop posting snippets. There's definately a full post in a lot of the long tail media consumption stuff.
You know, all the doomladen statistics about the decline in publishing sales, cd sales... you name it. Maybe the markets have just reached maturity? After all, every minute of every day is now filled with entertainment. Even when I'm shut in a steel box for an hour fifty feet underground, I sill have a book, and hours and hours of music with me. I am never, ever, not able to be entertained - although I wonder if I am now not able to entertain myself, instead relying on media.
The problem is that all media compete with each other - mp3 with cd with newspaper with website with game with conversations. Hell, I have a job to do, I can't devote enough time to listening to the radio and working and still be good enough at Halo that I don't get my ass whooped by ten year olds on XBOX live.
It was always going to be an S curve. You can't have exponential growth forever.