One thing they all have in common has been an inability to adapt to new trends and new technology. The newspaper industry did not adapt to the move of it’s readership online. The music industry, long the darling of the association of the insipid, screamed bloody murder when the music buying public flocked to Napster. A similar reaction occurred when users used Pirate Bay to get free video.

Thus, there has been a rush to demonize the public as not wanting to pay for anything anymore. The problem with that is they aren’t giving the public a reason to buy. People only buy what has value. The prevalence of blogs, Twitter and other forms of  information has rendered newspapers obsolete. The music industry gouged people with ridiculously high prices on CD’s, and then didn’t provide a legal outlet like iTunes until it was too late. Same thing with the Film and TV industry.

They were all late to the game, and only have themselves to blame. Now, instead of pointing the finger at the public, they should actually innovate, and give us a reason to buy.