I would say television is a focus, and expanding our channel platform is a focus. As for buying libraries, when catalogs are going down in value, the answer is that it's all about price!
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We're competing with everything: the beach, the mall, bookstores. Libraries are in a transition right now, caught between two forces, the old ways and technology. Libraries are under a lot of pressure to provide both.
I talk to a lot of librarians, and there's always a steady drumbeat of how libraries are places of community. But a lot of them have also recently - and just in the nick of time - refurbished, because during this economic downturn, people have a tendency to borrow instead of buy.
Our libraries are valuable centers of education, learning and enrichment for people of all ages. In recent years, libraries have taken on an increasingly important role. today's libraries are about much more than books.
I think where it's going is toward what the music industry is like, where channels will be considered more like labels that carry the type of TV show that you like, and then you'll consume them however you can. For example, I don't really watch Showtime, but I bought 'Homeland,' and I've been watching every episode on my iPad.
Television and film are our libraries now. Our history books.
We see ourselves as the world's digital library. That can be a lot more than books. We do want to expand to other types of content: sheet music, magazines, user-generated content.
When we started looking at the bigger television ecosystem, you see that there's not that many serialized TV shows being made for TV. The economics are lousy: They don't sell into syndication well; they're expensive to produce.
Browsing for books with a mouse and screen is not nearly as joyful an act as wandering the stacks and getting lost in the labyrinthine corridors of knowledge. The best libraries are places of imagination, education and community. The best libraries have mystery to them.
We never had a giant library or owned a lot of commercial characters the way most studios did. And since we didn't have a lot of internal resources, we had to find ways to be inventive and resourceful, which I think is a healthy way to run a good business.
Human attention is limited, and a massive number of newly browsable books from the long tail necessarily compete with the biggest best-sellers, just as cable siphons audience from the major networks, and just as the Web pulls viewers from TV.
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