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Whats Wrong with the Music Industry in One Long Sentence (annotated)

Tuesday, May 18, 2004 | 12:04 PM

Let's review our plot so far:

We have an industry that is afraid of technology, its senior spokespeople lie to congress, they use Enron-like accounting, they somehow --WHOOPS! -- forget to pay their artists, they are convicted price fixers, at the first sign of any kind of an economic rebound their instinct is to raise prices, they have ignored competitive pressures from other forms of entertainment such as DVDs, they ignore the devastatingly negative effects of radio ownership consolidation to their business model, they engage in all kinds of anti-competitive protectionism, they are unconcerned with the quality of their product, their customers are harried for time and distracted by other interests, their customers see nothing wrong with downloading music for free, some of their biggest stars are hoping the Internet will replace the labels, despite all too many signs that their product is over priced, they refuse to allow market forces to set competitive prices, they have consistently been one of the most mismanaged businesses in history, oh, and they somehow think they are immune from the business cycle.

How are these guys still in business?

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Comments

If people think that music started in the 60's then we all need to get back to reality, yes the industry needs a shakup, but with so many people doing so much to continue its coruption there's no way we can ever get it back. there are some that belive that music is owned by the artists and those that belive that they need to be payed for there efforts, but it appers to me that if we use what has been around from the begining of time that we all need to except that music was never ours in the first place and if thats the case, shouldn't music be free for every one. if its not, then why do we support the majors and not the band down the road, are we going to help those that need help and listen to music that they havent told us to listen too.
Eg in the whole time of the grammies only one person in the world music catagory has ever one outside of America, if we are so worryed about changing this go out and support music that is not Americaized..

Posted by: ed | Apr 1, 2005 2:04:35 AM

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