If I were an entertainment industry executive, I'd worry less about college students sharing files on the Internet and more about what's happening in China.
The Chinese government just announced a government-funded project to develop an alternative to the DVD. Called "EVD" (for "enhanced versatile disc"), the new format is reported to be technically superior to DVD, especially for recording and showing high definition television programs (HDTV).
Normally, I don't get too worked up over a new recording or storage format, especially when it's competing with an already entrenched standard such as DVD or CD. But every other time I've reported on a new standard, it was being pushed by a company or, at most, a consortium of companies. It's extremely difficult for a few companies -- even when it includes the likes of Sony or IBM -- to overturn an entrenched standard, but we're not talking about companies here.
http://www.cbsnews.com/stories/2003/11/26/scitech/pcanswer/main585866.shtmlFor all of the people asleep, busy, playing, idiots(Bush), China is the sleeping lion. Nothing is going to stop China. The only thing China lacks in it's people is flashy creativity but that will come within the decade. The Government is shat but the people are smart, friendly, work hard/long hours, have an internal drive for wealth... economically they're going to kick butt while we are making dead-end weapons of mass destruction and our manufacturing base continues year over year to decline, now at 11% (excluding farm) and WMD must be 4%? of the 11%.
If you hadn't noticed, most every hostpital you've been to for the last 20 years has heads of depts. who are Chinese. Let's not discuss all our research labs and university depts. And this all occurred when there went any universities or equipment in China. I'm just amazed our GOP leadership is dumping our money on killing, killing equipment when we're is really really seriously having our national security threatened to the point of no return. In my opinion the way the US could prevent this from happening is to attack China. Or our Power Elite will buy their companies quickly and the Power Elite will become Chinese citizens.
If you've never been to China, you have no idea what economic storm is coming our way! At least I'm learning Chinese so I can translate for the soon to come prisoners in Guantanamo Bay!