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Regulatory robbery: How Hollywood tried to kill the video rental industry at birth

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Regulation is often the tool incumbent businesses use to protect existing business models from innovation. The story of Hollywood trying to block video rental stores is a classic in this genre, and Derek Khanna tells it at TechCrunch. In brief: The content industry sued Sony to ban the Betamax. Industry lobbyists pushed the "Consumer Video Sales Rental Act" to ban the renting of videos...

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