Content producers must adapt to the digital-age distribution model. The film industry sees the writing on the wall, but like a great vessel they are slow to turn. And as the cost of content production technology falls, (anybody can film/edit true HD nowdays), they are going to face an ever-increasing competition.

Regarding education: since education is subsidized by the Government, (guaranteed loans, grants, etc.), it will take longer for it to collapse. But it will collapse because both content and distribution can no longer be monopolized. Primary education lags the rest of the world in product quality and secondary education is priced out of line – so these two are ripe for a changeover. If we allowed parents to decide where the education tax dollars were spent, (vouchers), I believe we would see a revolution in primary education. And if we dropped some of the protectionist certifications and stopped Federal subsidies, we would see a huge decline in the cost of secondary education. By the way, it is morally obscene that student must still purchase $400 Anatomy & Physiology Textbooks.