EF10: Streaming, Sharing, and Stealing with Michael D. Smith and Rahul Telang

Economic Frontiers

Show notes: ide.mit.edu/news-events-media?type_1=podcast In this podcast we discuss how technology has reshaped competition in the media industry. Our guests are Michael D. Smith and Rahul Telang of Carnegie Mellon University. They've recently written a book called Streaming, Sharing, and Stealing, which describes the frontier of research regarding digital media distribution. This conversation touches on fundamental topics such as price discrimination by studios and publishers, how prices should be set and what the optimal organizational structure should be for companies. We also delve into more topic specific issues such as cross-channel substitution, privacy, and bargaining between studios and digital retailers. We also discuss the special role of data in affecting the industry structure.