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Realizing that Crunchyroll's pivot from illegal fansub restreamer to Sony subsidiary via VC is the template for the whole tech grift economy. Break laws until you get permission, crushing honest competitors. It's Uber, Airbnb & even ElevenLabs & other AI plays now licensing content ex-post-facto:

AI Firm ElevenLabs Sets Audio Reader Pact With Judy Garland, James Dean, Burt Reynolds and Laurence Olivier Estatesvariety.com The estates of Judy Garland, James Dean and more have set an AI audio deal with ElevenLabs for its Reader App that converts digital text to voiceover.

As @zitron.bsky.social's recent newsletter notes, the motive for being so lawless & brutal is all on Jack Welsh, but just like how anime & other specialty video foretold how the format wars would go & were the canary in the coal mine for the 2008 recession, so too did it foretell the rot economy.

Newsletter: The Shareholder Supremacy has eaten the world, turning the tech industry into the playground of do-nothing management dictators that see human beings as assets and the customer as subordinate to growth - all inspired by GE’s Jack Welch. www.wheresyoured.at/tss/

The Shareholder Supremacywww.wheresyoured.at I promise you, everything that's happening makes sense. It all feels so chaotic, so utterly, offensively stupid, so disconnected from reality that it's hard to understand how Meta can run a terrible company with decaying services that's also wildly profitable, or how Meta, Microsoft and Google can proliferate unprofitable, unsustainable