There is already evidence of this occurring in the music and Internet industries where many new possibilities for disintermediation and distribution have been brought about by recent technological advances . Indeed , one can imagine that at least some segments of the cultural economy - resting as it does on fluid and unpredictable trends and hard-to-protect intellectual property - may be entering into a new phase of development marked by yet more intense competition and reduced levels of oligopolistic power . Social theorists identify the...











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