On March 4th in Hollywood I (Paul Rothbein) discussed with a group of fashion and film enthusiast about how entertainment and fashion are to be disrupted as a result of Etsy, crowdfunding, and even virtual reality. While also discussing the integration between geek culture with fashion culture.
Etsy is to the globalization of fashion and culture like Facebook is to the globalization of free speech and democracy. As the Arab Spring is a result of exposing people in dictatorships in the Middle-East and Africa to an expose on freedom and the ability to openly express oneself on the internet. Etsy, brings exposure to handmade goods and cultural products among those in distant places. Which explains why the necklace I own made in Africa can be sold and marketed to an individual living in the Untied States.
Crowdfunding with film seems different than with fashion. Successfully funded products in the fashion section serve as proof that a clothing style is on demand. A film funded via Crowdfunding by Spike Lee proves he has a loyal enough fan base to fund a movie he made that goes direct to video. Yet, big business is getting involved with Crowdfunding. Go to Indiegogo's website and you will notice Domino's Pizza is a partner.
Wearable tech is slow because it isn't fashionable now. Geeks want to show off their Google Glasses. Yet, Google Glasses by the way it looks is more a product of embarrassment than of prestige. Which is why companies like Apple and Google are partnering with designers like Tom Ford.
With virtual reality if it ever becomes more fun to watch movies via one's Oculus Rift than it does to go to the movie theaters that means movie theaters will disappear like video game arcades. Which will significantly impact the way films are financed.