Oh wow, Encarta, that brings back a lot of memories. I think its demise was due to the cost difference. Encarta needed CDs, and eventually subscription, but Wikipedia was free. We are seeing it happen with news and article websites that charge to view their content. Web3 will usher in more availability and easy access to information for all.
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Certainly a change in distribution channels are a part of all this. In fact, that is what is messing up Hollywood yet they are only starting to latch onto that. Ironic they are fighting future technology when it is the existing technology that is the problem.