The graph below is really bad news for the record industry. It’s even more striking when you think about those billions of lost dollars as actual numbers of physical CDs that aren’t being bought and will never be replaced. The last decade was music’s lost decade. According to Forrester, just 44% of U.S Internet users [...]
Continue reading...Monday, February 8, 2010
I just finished reading Steve Knopper’s Appetite for Self Destruction: The spectacular crash of the record industry in the digital age. It’s a riveting account of how the record industry destroyed itself by avoiding new technology. One of the author’s conclusions is that the record industry is in very bad shape and will get worse [...]
Continue reading...Thursday, February 4, 2010
Business is not a war People aren’t targets Advantage isn’t competitive Power isn’t coercion Markets aren’t for domination Profit isn’t value Exploitation isn’t productive These principles are outlined in a presentation by economist Umair Haque of the Havas Media Lab. You can watch it here. I strongly urge you to set aside some time to listen to the whole thing because it’s [...]
Continue reading...Saturday, January 30, 2010
There were several comments on an article I wrote last week about why file sharing will lead to a better music industry that expressed dismay with the conclusion of the piece. One guy mentioned that he discovered that some of his tracks were being ripped from legitimate sites and offered up on scam sites; some were [...]
Continue reading...Tuesday, January 26, 2010
AOL bought Bebo in 2008 for $850 million. After that happened, British musician Billy Bragg blasted Bebo in a New York Times article for refusing to pay out royalties to all the musicians who uploaded music to the site. According to him, they were just as much investors in Bebo as the people who put [...]
Continue reading...Thursday, January 21, 2010
There’s a cool paper about file sharing that was written by economists Felix Oberholzer-Gee and Koleman Strumpf this past summer. The conclusion of the paper is that file sharing benefits society. One of the pieces of evidence for that is that less restrictive copyright laws have encouraged greater numbers of creative people to create. [...]
Continue reading...Saturday, January 9, 2010
Steve Knopper is a reporter at Rolling Stone. He published a book this year called Appetite for Self Destruction about the meteoric rise and fall of the music industry. I’ve posted a link below to a fascinating interview he did with NPR where he gives a grand sweep of the music industry from the advent [...]
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Thursday, February 18, 2010
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