17 September 2003
It's Bash the RIAA Day
As it is on every day that has a D in it.
At Cybergrass, Banjo Bob suggests a model for the music industry, and guess what? It's just down the street:
Why doesn't the Motion Picture Association of America (MPAA) suffer from the same problems? Maybe it's their management style.
Here is where it gets interesting. The cost to go to a movie is around $8 today. IMAX productions only cost about $12 for prime seating. By the time you add the cost of your popcorn, candy and drink, you're spending about $20. The cost to purchase the DVD of the movie at discount centers may be around $10 to $15.
Now, compare that to the cost to go to a concert. Tickets can run $35 to $100. Refreshments can easily add $5 to $15 more per person. The cost to purchase a 40 minute average length CD is $15 to $24.
I'm seldom inclined to defend Jack Valenti's MPAA, but his business model does seem to be less insane.