At a time when Hollywood and the film industry are locked in a debate over Internet piracy and the support of controversial legislation such as SOPA, last night’s Academy Awards showed what was wrong with the industry. The problem with the entertainment industry is not the Internet or overseas foreign pirates — it’s a nostalgia for a past that will never return. Unfortunately, nostalgia is not a business model. The relentless pace of business in today’s digital world means that you either innovate or get out of the way.
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