History, Like a Song on Repeat, Repeats Itself

Album Cover: The Downward Spiral

"Everything's blue in this world...the deepest shade of mushroom blue."
NIN / The Downward Spiral

Posted on February 09, 2008 4:36 PM in Miscellaneous
Warning: This blog entry was written two or more years ago. Therefore, it may contain broken links, out-dated or misleading content, or information that is just plain wrong. Please read on with caution.

Let's pretend it's a handful of years ago and an imaginary record label executive said the following when asked about the possibility of downloaded MP3s eclipsing the sale of CDs:

There are [X] million [CD] players in U.S. households. If you really think people are going to stop [purchasing CDs], you need to lie down until that thought passes.

Seems reasonable, right? Well, we all know how that has turned out.

Now let's take a look at what Barry McCarthy, CFO of Netflix had to say this week at the possibility of downloaded movies eclipsing rentals of physical DVDs:

There are 100 million DVD players in U.S. households. If you really think people are going to stop renting DVDs, you need to lie down until that thought passes.

Riiiight.

Comments

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rtjafuod on May 15, 2017 at 5:23 AM:

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