UGC and media companies

I almost missed this in the rubble from last month:

User-Generated Content Is Top Threat to Media and Entertainment Industry, Accenture Survey Finds (link)

For sure, although some disruptions are in order. We need a stable business model and content licensing that doesn't invoke the wrath of RIAA and others on every little loophole. The good thing is that the music industry is starting to understand the implications:

Faxon, of EMI Music Publishing, said the music industry is moving “from a sales model to a consumer consumption model or participation model, where its economics are predicated on the use patterns of consumers as opposed to the purchase patterns. In essence the commercial roles of music companies will be more as facilitators for bringing music and the rights that support them in to the market place, as opposed to being originators of the content itself.”

The disruptions I'm talking about are obvious. There is a ton of content out there but access is still not suitable for mass consumption. Some company has to break the the PC to living room barrier for content published over the Internet. The devices are there, the interface isn't.

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