Eugene Wei

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One solution for taming the chaos is to own the channels of distribution. Making music is less risky when you can bribe radio stations to play your songs. So the music labels tried exactly that for decades, until the federal government deemed the practice unlawful with the FCC “payola rules.” Making movies is less risky when you own the theaters that play the films. So the film studios in fact owned many of the cinemas for decades, until the Supreme Court decided, in 1948, that this constituted an anticompetitive oligopoly, bringing an end to the Hollywood studio system. The problem with ...more
Hit Makers: Why Things Become Popular
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