Finally, someone within the music industry has taken some ownership of why the music industry is struggling. Warner Music CEO Edgar Bronfman Jr admitted that the music industry is partly to blame for the problems that it is experiencing, and that they are "at war" with their own customers. Check the quote:
"We expected our business would remain blissfully unaffected even as the world of interactivity, constant connection and file sharing was exploding. And of course we were wrong. How were we wrong? By standing still or moving at a glacial pace, we inadvertently went to war with consumers by denying them what they wanted and could otherwise find and as a result of course, consumers won."
It's amazing that someone within the industry DOES get it. Instead of embracing a new way of music interaction and distribution, they've chosen to grip tightly onto their old ways of doing business. Stating that they're loosing money only because of piracy is not looking at the whole picture. The truth is is that artist (if you can call them that) are not as good as they've been in the past. With iTunes and other outlets like it, people are not forced to buy an entire album if only one good song exists on it. Unlike in the past, artist and the music houses can't have one good track and 10 tracks of filler, and expect the album to do well.
That is a good thing!!!
This forces the both artist and the music homes to WORK on putting out a good product, and not expecting one song to carry the album. If the music industry channeled the same effort that they use going after college students, single moms, and grandmothers, imagine how good the quality of music would be out today.
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