Fine time seeing Francis Ford Coppola last night, especially if you like baby pictures. I'll post something on the blog Monday, but now note that he made an intriguing prediction:
He said, in response to a question, that in the next five years the media business as we know it will have started to change completely. The Internet has been about content, but that content will become even more important because the delivery systems will undergo such change. If you can watch something on your phone or tablet or theater-like system at home, why will a movie studio need to exist to make movies to be shown in a theater?
Why can't Facebook do it? And he said that the social media companies are probably already looking for content to keep people on their sites once they get bored with baby pictures and posts like this? Or, and this was the most interesting part to me, why can't business that aren't in the media business, like American Express, do it?