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For the current dominant content producers, the real threat from the Internet is probably less from piracy, and more from disintermediation .
We remain in the heart of a major disintermediation out of low-yielding money fund deposits and into securities.
First, we are in the midst of a major disintermediation out of low-yielding money market funds.
But it was also to avoid the bank disintermediation associated with a stock market boom.
Barry has updated the issue yet again to discuss the real threat to the music industry - disintermediation .
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