Terry Semel, CEO of Yahoo, Shares an Anecdote (part 2)
Terry Semel, CEO of Yahoo shared an anecdote about a time when he was in China negotiating a business deal when he was still CEO of Warner Brothers.
After a day of negotiating with the Chinese, he returned to his hotel room. He turned on the television to watch a movie and relax.
He said he was surprised to find that pn the TV, the hotel had piped in movies produced by Warner Brothers that had NOT been released yet.
When he called down to the front desk to ask about it, they replied, "We thought you would be happy to see them."
Concerned about piracy – Semel said "Development is happening in China. As trade picks up, respect for property rights will grow."
As the Chinese begin to produce firsts, they, too will want their products to be respected. When that happens, they will/might begin to respect the rights of others.
It sounds like something that might be learned on a playground, doesn’t it? But, then some of the most important things we learn, we learn in kindergarten.
It will take a while, but sooner or later China will learn respect.
Do you agree?
May 1, 2006
Impossible? I don’t think so.
The Chinese are getting better and better at making movies. Soon they will want their own products protected…and then and only then will they learn that they need to respect others also.
It will take time, but it will happen.
May 1, 2006
Bootleging of movies before they come out on dvd is a problem for the movie business. Countries like China and Pakastan are the leading source for these bootleg dvd’s; you can find their dvd’s sold on eBay or being sold at local flea markets. I think it is impossible to control bootleging all over the world now that the technology is getting better and better.