New York's niche is CONTENT, and content is becoming more valuable. Just think about what is more valuable: MTV or the cable system that you use to get MTV? Howard STERN or the radio station you use to LISTEN to him? Ultimately, technology BECOMES a commodity, and content - real, true branded content - becomes more valuable.
Read MoreUp to now, ECONOMIC development has ALWAYS meant that people, instead of doing something, are enabled to buy it... Economic development has ALSO meant that, after a TIME, people must buy the commodity because the CONDITIONS under which they could get along without it had disappeared from their physical, social, or cultural environment.
Read MoreThe idea that content is king has long rested on the notion that DISTRIBUTION - in whatever FORM it takes - is a low-margin commodity, and the BIGGEST share of PROFITS flows to the creators of original programming, who can sell to the highest bidder.
Read MoreWhat CORPORATIONS fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining PRICES and profit MARGINS, increasing COMPETITION, and lowered barriers to entry.
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