GMR killed the Media Star

Jacques Mattheij makes the case that the movie/media industry is dying because

"...The reason why I believe this to be the case is a very simple technical one: it will not be very long now when a reasonably small package (say 3.5" x 5.25" x 1") will hold all the movies and all the music that we've ever made. Right now using a 4T drive you can store 5700 movies at a usable resolution or 1.3 million songs. That's more content than anybody can consume in a lifetime...." 

All these years the internet was seen as a proxy to how times are changing when in fact the real culprit has been a technology powered by the serendipitous 1988 discovery of the Giant Magnetoresistance (GMR). It makes you wonder about warped some of our current concepts can be. For instance, our current understanding of how compressive sensing, computational photography or Big Data can be nicely framed in this slide by John Wright 

How would that understanding change in light of the Colossal MagnetoResistance technologies and the daily improvement in computational methods ?

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