The Unbundled Economy: It’s one of the implications of (my guess at, given that I haven’t actually read) Free, its apparently what Tyler Cowen is talking about in his new book.  As the price of transmitting small chunks of information crashes to zero, the efficient market structure no longer involves assembly and sale of bundles of chunks, but instead sale of the chunks themselves and after-market assembly.

Case in point, the porn industry (which is pretty much always at the leading edge of structural change.)

Vivid, one of the most prominent pornography studios, makes 60 films a year. Three years ago, almost all of them were feature-length films with story lines. Today, more than half are a series of sex scenes, loosely connected by some thread — “vignettes” in the industry vernacular — that can be presented separately online. Other major studios are making similar shifts.

In lieu of plot, there are themes. Among the new releases from New Sensations, a studio that makes 24 movies a month, is “Girls ’n Glasses,” made up of scenes of women having sex while wearing glasses.

But old habits die hard, even in the porn world:

“The feature is not as big a part of the industry today,” Mr. Orenstein said. But he says he still plans two to three bigger-budget releases each year, including the recently shot “2040,” which is about the pornography business of the future. Mr. Orenstein described the movie as “an almost Romeo-and-Juliet story between an aging porn star and a cyborg.”