Industry Upheaval Quotes

The television business, by virtue of what's happened to streaming, it's really turned the traditional television business upside down.

The Internet is disrupting every media industry...people can complain about that, but complaining is not a strategy. And Amazon is not happening to book selling, the future is happening to book selling.

Disruption causes vast sums of money to flow from existing businesses and business models to new entrants.

Doing research for 'Penumbra,' I read quite a bit about the early history of printing, and the more I did, the more it sounded like... the Internet today. There was crazy competition and upheaval; there were constant arguments about new techniques, new materials, new machines; and, of course, there were fortunes to be made.

I think as far as the music industry is concerned, it's kind of been the wild, wild West in a way with the Internet, which is not necessarily a bad thing to me.

And you know, I've had great fun turning quite a lot of different industries on their head and making sure those industries will never be the same again, because Virgin went in and took them on.

New generations have unprecedented power to make great changes. Take the music business for example. The new generations have toppled the music industry by file sharing, downloading, and Myspace. Rock 'n' roll belongs to the people.

The greatest thing that ever happened to (my career) was the breakdown of the record companies, because there were no more stupid questions about how many hits are on the next record. It was very liberating.

If the technology is disruptive, on the other hand, the odds are that at the end of the transition, the leaders will have been toppled and new companies will be on top.