Sony Pictures CEO hates the Internet
May 16, 2009 4:53 PM PDT
"I [Dave Rosenberg] wrote last week about Sony CEO Howard Stringer's comments suggesting Sony could have beaten Apple in digital music if only the had embraced open technology. While technology certainly could play a role in Sony's success, it's clear that the company needs a whole new way of thinking.
At a breakfast Thursday cohosted by the S.I. Newhouse School of Public Communications at Syracuse University and The New Yorker, Sony Pictures Entertainment CEO Michael Lynton told the audience his not-so-inner thoughts about the Internet.
"I'm a guy who doesn't see anything good havingAccording to WWD.com Lynton tried out another simile. Referring to the Obama administration's goal to spread broadband access without, he said,
come from the Internet...(The Internet) created this notion that anyone
can have whatever they want at any given time. It's as if the stores on
Madison Avenue were open 24 hours a day. They feel entitled. They say,
'Give it to me now,' and if you don't give it to them for free, they'll
regulating piracy, Lynton made a comparison with building highway systems without speed limits or driver's licenses. "We do need rules of the road," he said.
Rules of the road are one thing, but these type of short-sighted, borderline absurd comments suggest a more systemic problem. Instead of embracing new technologies and delivery methods, Sony chooses to stick to the old, now failing ways, as evidenced by the company's recent $1 billion loss.
With leadership like this, Sony only has itself to blame."
Source: C|NET News.com
Typical. There seems to be some kind of economic conservatism brewing about. Businesses who refuse to change in a growing and evolving market and thus fail to meet the consumer's expectations. Sounds like some of the American car dealerships who have failed to meet demands of efficiency and reliability especially compared to foreign car makers.
This is certainly the WRONG business model to follow and they're probably going to ask "why?" when they see their profits decline (perhaps even bankruptcy - who imagined GM to really make such a fall from grace?).
This all appears to be about control of the markets. Basic economics 101: Supply & Demand. Change or die. No bailout for you!