Oddly, this doesn't come as a surprise

[unixronin]

At a breakfast Thursday cohosted by the S.I. Newhouse School of Public Communications at Syracuse University and The New Yorker, Sony Pictures Entertainment CEO Michael Lynton told the audience his not-so-inner thoughts about the Internet.

“I’m a guy who doesn’t see anything good having come from the Internet... (The Internet) created this notion that anyone can have whatever they want at any given time. It’s as if the stores on Madison Avenue were open 24 hours a day. They feel entitled. They say, ‘Give it to me now,’ and if you don’t give it to them for free, they’ll steal it.”

“What we have here is a failure to communicate ... er ... adapt.” — Not Quite Cool Hand Luke

Comments

Translation:

[ithildae]

The internet caught us by surprise. The technology is totally disruptive to our business model. We have no plans to adapt, and we have no clue how to capitalize on the new technology. Other than our lobbying efforts and legal initiatives, our company will not do anything about the internet. Thank $DEITY that Sony has a manufacturing division. If you were expecting continuing profits from our music and motion picture production, you are deluding yourself. Now would be a good time to sell stock.