Is The Sky Falling on The Content Industries?

A must read from Stanford Law School’s Mark A. Lemley found at The Social Sciences Research Network:1

Henslowe: Mr. Fennyman, let me explain about the theatre business. The natural condition of the theatre business is one of insurmountable obstacles on the road to imminent disaster. Believe me, to be closed by the plague is a bagatelle in the ups and downs of owning a theatre.
Fennyman: So what do we do?
Henslowe: Nothing. Strangely enough, it all turns out well.
Fennyman: How?
Henslowe: I don’t know. It’s a mystery