During the past decade, the Hollywood studios have broadly sought to subdue, rather than explore, the technological possibilities of the Internet. Specifically, the studios have used their ownership of creative works to control the speed and direction of innovation in an emerging digitally...

The behaviour of oligopolistic firms is a source of considerable debate and concern, given their market power and ability to shape the development of new markets. A key area of debate concerns the scope for strategic adaptation in oligopolies; and in particular, the extent to which such large...