Some biased, short-hand extractions from Oreilly Radar's kinda short-hand transcript of the Long Tail Panel at Supernova 2005.
...They're closing one rock radio station per week. Audiences for rock couldn't get what they wanted from rock radio, now getting it from other places.
...Major record labels and movie studios have controlled distribution. When you take away that distribution, they have to be good at either marketing or investing. Right now they're good at neither. All these things will change at the same time.
...Most content producers, given choice between smaller paid and larger unpaid market, will choose larger unpaid.