Report: blockbusters rule, long tail overrated
A fascinating article in the current issue of the Harvard Business Review calls into question some of the now-accepted wisdom about the long tail.
A quick refresher: the long tail theory, popularized by Wired editor Chris Anderson, says that as digital distribution drives distribution costs to zero, businesses will be able to profit by stocking enormous numbers of obscure titles. These titles, which may only sell one or two copies a year, are the tail of the traditional demand curve--the "long tail."
The HBR study, by Anita Elberse, analyzes data from online music and video stores and suggests … Read more