Thursday, July 12, 2007

Music industry finally figures out iTunes

"The guys running the labels are pretty stupid — most are just dirtbags who started out as band managers or promoters — but now at long last they are kinda sorta finally vaguely getting clued in to the fact that both parts of their business model are fucked. Their loan-sharking business is being eliminated by low-cost digital recording technology that lets people make an album for very little money. And by letting us build the online music store they've taken themselves out of the distribution business. In the days of vinyl and then CDs, the labels managed to control the value chain by having loads of retailers in a highly fragmented market, and playing them off each other. In the digital world they've got us. And that's it." —Fake Steve Jobs

2 comments:

Anonymous said...

Hmmm, are you Fake Steve?

IAmNotFakeSteve.com

Ian Brown said...

I wish :)