original article

Collapse of Traditional music industry

Music Industry shrank from $400 M market in 2000 to less than $100 M market in 2006, while Digital Music Industry grew to $340 M in 2006 from $91 M in 2001. It is mainly due to piracy music distribution through P2P. Korea's high penetration rate of broadband service helped prevailingness of P2P in some degree. 

Telco's Rock'N Roll

During crashing market, Telecom and internet companies aggressively acquired music lable companies. SK Telecom, Korea's #1 wireless carrier, acquired YBM Seoul Music in 2006. Bluecode acquired DoReMi media in 2005. Only 2 music lable company among top 5 music lable company in 2005 survived in 2006. (SM Entertainment, Yedang Entertainment are survivors.)

How did Telco and internet companies corrupted online music market? Let's see the composition of digital music market in Korea.

In 2005, ringtone and ring back tone market took 80% of digital music market. There is no "music" market in digital world in Korea. There are only ringtones, ring back tones, and BGM's.

(There is still a hope, though. Download / streaming music is growing.)

Online piracy is still a problem

Piracy music is still counts $400 M market, which is about the size of all digital music market, or 5x times larger than traditional music market in Korea. Key to the digital music industry toward growth is how to turn illegal music listners to legal users, eventually paying listners.

Breaking news - the Walt Disney said that it has agreed to buy Marvel Entertainment, a well-known comic book publisher of X-Men and Iron man series at $4 billion dollars.

Disney continues to expand its business beyond its acquisition of Pixar, which was great jump up from Snow white and seven dwarfs.

more story here.

A concise short film on visual effects... Thanks to all the people who worked hard to give us great pleasure.

The movies included in this clip span over 100 years of cinema history:

• 1900 - The Enchanted Drawing
• 1903 - The Great Train Robbery
• 1923 - The Ten Commandments (Silent)
• 1927 - Sunrise
• 1933 - King Kong
• 1939 - The Wizard of Oz
• 1940 - The Thief of Baghdad
• 1954 - 20,000 Leagues Under the Sea
• 1956 - Forbidden Planet
• 1963 - Jason and the Argonauts
• 1964 - Mary Poppins
• 1977 - Star Wars
• 1982 - Tron
• 1985 - Back to the Future
• 1988 - Who Framed Roger Rabbit
• 1989 - The Abyss
• 1991 - Terminator 2: Judgment Day
• 1992 - The Young Indiana Jones Chronicles
• 1993 - Jurassic Park
• 2004 - Spider-Man 2
• 2005 - King Kong
• 2006 - Pirates of the Caribbean: Dead Man's Chest
• 2007 - Pirates of the Caribbean: At World's End
• 2007 - The Golden Compass
• 2008 - The Spiderwick Chronicles
• 2008 - The Curious Case of Benjamin Button

[YouTube]

Go Naro! Go Naro!

Also, check out "Helvetica" - a great documentary film on Typography history.