One disappointing thing from the article is that they state that Hollywood loses billions a year to piracy - as if it were an established fact. Sure, there's billions of dollars worth of content traded via piracy, but it's debatable how many of those dollars were lost to Hollywood.

Otherwise I have to say this article is one more example of why I love The Economist. You'd never see a publication from, say, a Time Warner company chiding Hollywood for being stupid. I started reading The Economist in the 90's because it was the only news outlet that didn't have weekly in-depth coverage of the O.J. Simpson trial or Monica Lewinsky. I've never looked back.