Today it was announced that EMI might at long last be acquired by private equity group “Terra Firma”.
“The apocalypse is finally here. The major labels are going to merge, whether internally or externally, and cut overhead until all you've got left are the bean counters and the dealmakers. These companies are going to become giant licensing operations. New music? That will be developed by somebody else, someone who doesn't need the same return on investment.
You're watching the movie now. Show time isn't off in the future, the first few reels have already unspooled. There was Napster and MySpace, not only a fumbling of the ball by the major labels, but a sea change in exposure and consumption that their model was not prepared for. One within which the old modes of exhibition, MTV and radio, are calcified, and replaced with pull models, within which no one hears what they don't want to. If you can't reach people, if you can't expose your wares, how are you going to get them to buy your products?
You aren't. That's why sales are off so dramatically. Not because people are stealing so much as the fact that everybody wants something different, the mainstream is for wusses, casual buyers. Today's music has about as much soul as Beanie Babies.”
I wish I could work myself into a froth as quickly as Bob can.
I do like the foam on top of a cappuccino but one still has to keep asking, “what’s next for the record business?”
Bob believes it’s all about the subscription model.
$9.95 a month gets you all the music you can grope.
I like the idea but I still think people want to connect with the artist—to have something tangible.
Bands live & die off their merchandise sales.
The cool part for bands is that you can’t download a T-shirt.
Someone still has to fork over cash for tangible…“touchable” assets.
What will those assets be in the looming future?
I have an idea.
But I’d love to hear from any of you out there.
This is the “record” of the future.
You bought it for $20 from a band you dig.
What’s in the box?
I’m all ears.