Wednesday, September 19, 2007

Entertainment industry doom predicted...in 1978

From Boing Boing today: Here are a couple of YouTube videos which present an entire 60 Minutes segment in which Harry Reasoner investigates the impact of the newly-arrived VCR/videotape home entertainment industry.

A (somewhat) youthful Jack Valenti appears, prediciting the direst of consequences for the movie industry if piracy isn't stopped immediately.

The funny part is Valenti's tone was exactly the same right up until his death in April, despite the HUGE amounts of money Hollywood made in the VCR days.







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