Sony Pictures CEO Thinks the Net Wasn't Worth It
rossturk writes "Michael Lynton, CEO of Sony Pictures Entertainment, said, 'I'm a guy who doesn't see anything good having come from the Internet, period.' Why? Because people 'feel entitled' to have what they want when they want it, and if they can't get it for free, 'they'll steal it.' It's become customary to expect a somewhat limited perspective on things from old-world entertainment companies, but his inability to acknowledge that the Internet has changed everything makes me think he's a very confused man. Is this when we all give up hope that companies like Sony Pictures can adapt? Will we look back on this as one of the defining moments when the industrialized entertainment industry lost touch for good?"
Given that Sony recently posted its first loss in 14 years, I think perhaps it is time for them to get with the new modes of media distribution instead of keeping its head in the sand and decrying them.
"I bless every day that I continue to live, for every day is pure profit."
They used to make quality products, not so much anymore. My latest experience is the last straw. Last year, I purchased a Sony navigation unit. I soon found that the maps were outdated, and missing major landmarks, and even an Interstate highway that had opened the year before. Support assured me that the next update would solve these problems. Well, after many months, an update has finally been released for the mere price of $99. So, in other words, Sony wants me to pay another $99 to fix what was broken from the time they built the unit. I consider it a lesson learned, and will not longer purchase Sony products.
"To those who are overly cautious, everything is impossible. "