Management consultants KPMG finds that big media companies are spending too much time defending themselves from piracy to make money from digital content. This report is based on interviews with 50 of the biggest.
While two-thirds were optimistic about the prospects for digital media, fifty-seven percent do not even have a process for transforming online intellectual property.
Most of these companies are trying to sell their content in expensive, crippled, proprietary formats that consumers are simply not interested in.
This is costing these companies eight or nine billion dollars per year.
[Warning: KPMG’s site doesn’t work with Mozilla because of the (invisible) proprietary interface junk they’ve added to it. Something to think about when you’re considering hiring a systems integrator.]