Word: middlemen
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Dates: during 2000-2009
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...despite talk of Internet "disintermediation"--the elimination of middlemen--there will probably still be agents, producers and even record companies to sign up new artists and market their work. Digital-music service providers--the much touted alternatives to traditional record companies--will probably have a harder time than major labels taking an album to gold or platinum. "We'll be fine," says Atlantic Records Group co-chairman Val Azzoli. "There will always be new music, and it's our job t o figure out what people want to hear and when they want to hear...
...Thursday, the National Shooting Sports Foundation (www.nssf.org), the powerful firearms industry trade association, announced that it was joining with the Bureau of Alcohol, Tobacco and Firearms to sponsor "Don't Lie for the Other Guy," an attempt at preventing gun purchases by girlfriends, brothers, buddies or paid middlemen at the behest of felons barred from gun ownership...
...power companies be short of power? Under deregulation, vertically integrated utilities like SDG&E and Con Ed (as in Edison, as in Thomas Edison, the man who electrified Manhattan) were allowed to sell their power-generation businesses and become middlemen that buy electricity on the open market from new generator operators and distribute it to their customers. "We work hard to find the best deal for our customers," says Steve Bram, Con Ed's senior vice president of central operations. "But we're at the mercy of the sellers." Those sellers, on the other hand, are at the mercy...
...venture is part of an effort by the airline industry to cut out the middlemen. The Travel Industry Association estimates that 85 million travelers booked flights online in 1999, using sites such as Travelocity, Expedia and Priceline to find the best deals. The airlines covet those "eyeballs" for their own Web pages as well as the money they'll save by not having to pay fees to the independent online firms...
...STOCKBROKERS, AUTO DEALERS, MAIL CARRIERS, INSURANCE AND REAL ESTATE AGENTS The Internet will eradicate middlemen by the millions, with a hardy few remaining to service the clueless. You'll cut us a deal, right...