[larrys]

Typewriter industry didn't continually have to be creative through those time periods. Hollywood did. It has to be creative and constantly come up with new "merchandise" in order to survive. IBM just had to come up with the "Selectric" or make slight improvements to satisfy what amounts to almost a cash cow type business in a more or less stable market.

Hollywood is in the entertainment business. They have adapted well to (as a business venture and to make money) the entertainment business over time. Movies aren't made the same way they were in the 30's, 50's or 70's.

While they certainly make their share of mistakes (with flops and not knowing necessarily what will be the next blockbuster) so do VC's and angels. They just try to match the best pattern they can and spread the money around. Hollywood does a version of the same. But Hollywood has been much more successful (at scale that is) than the "startup" industry has been. (Even taking into account VC investing prior to the Internet).

"Disrupt" hasn't been around that long. Hollywood has. People buy the product.