The case for free markets

Warning: This post really has nothing to do with the sports biz...or does it?

Brad Pitt and Angelina Jolie are reportedly receiving $14 million for the photo rights to their newborn twins. The money will donated to one of their charities. Sounds nuts, but that's what these photos are apparently worth on the open market. No underground economy. No bounty paid to the paparazzi. The money goes to the right people...and Jolie and Pitt can capitalize on the public's insatiable appetite for celeb photos to benefit important causes. Credit the celebrity rags for reinventing the how the paparazzi game is played. Unfettered capitalism at its best.

--Marc Isenberg

Comments

[John Black]

Talk about freemarkets. Boxers and MMA fighters are getting screwed by promoters. Free markets and free agency afforded by GetAFight.com will enable fighters to create and market their own content.

Online wholesale and retail marketplaces like FightAuction.com and PurseBid.com for selling their self-created content to promoters, venues, and fans will lead to increased income to fighters, competition, higher quality fights, and more fans.

The fighters' average annual income will increase and their records will improve faster. Fighters will also have access to unprecedented services, such as ChallengeAlert, opponent’s previous fight tapes, fan base data, and polling reports.

See http://ringstars.com