The Net Generation is redefining intellectual property

clipped from www.wikinomics.com If Hollywood had its way, it would be all too easy to extinguish potentially lucrative sources of user-driven innovation and creativity on the flawed assumption that any form of creative “remixing” of intellectual property is tantamount to piracy. Instead Hollywood should look at the N-Gen’s proclivity to hack and remix digital products as a business opportunity. For example, why not create or encourage the growth of online communities where participants pay a fee to get access to powerful new editing tools along with the raw materials (including the latest music and movies) to fashion their own media creations? Issues surrounding intellectual property will be pivotal in the coming years as N-Geners move into positions of authority in government, business, and the community. It will be very interesting to see how this plays out, and you can be sure that folks at New Paradigm will be watching closely.