Erick Schonfeld has an interesting riff on the future of media in an age where small is big. He notes that hit CDs are plummeting. Our colleague Jon Fine made a similar point in his column (which featured an unforgettable photo of Grand Funk Railroad).
Grand Funk Railroad
What happens to superstars in a fragmented entertainment economy? Do they shrink? Do their horses turn into shetland ponies? If so, what happens to the global entertainment industry built on a handful of celebrity franchises? What happens to our celebrity-driven media? What in the name of heaven will we read about in People magazine?