The Jig Is Up!!!!
This is a good article from the Economist (you should all read this magazine..) talking about how inept the suits at most of these record labels are. [Sidebar: You gotta check out Doug Morris in Wired. That man is out of touch with reality. I think he wants 2 bring back the 8 track. CLICK HERE 2 READ]
As most of you know, 2 day is D-Day @ EMI where an estimated 2000 jobs are going be cut as part of Terra Firma’s cost cutting strategy that will allow them 2 start paying back the $ they borrowed 2 finance the purchase of EMI. (Shout out 2 my peeps @ Capitol) This is a clear example of a rule that I came 2 know & learn years ago @ Atlantic Records. The Music BUSINESS is a BUSINESS 1st & Music 2nd. It’s unfortunate but it is the reality of today marketplace. A few artists have gotten wise to the game & taken their careers’ into their own hands… 🙂 Others have signed 360 deal… 🙁
For years people have been saying the model is f’d up, but it will take a maverick 2 come up with a new model that will change the way consumers purchase their music. I know for me… CDs are nothing more but a glorified coaster! For my friends CDs are just something 2 break their trees on…lol! It is interesting 2 see the industry so behind the curve. Historically it has been the industry who has pushed the consumer 2 adopt new formats 2 listen 2 their music. This time around WE got the jump on them & it does not look like it is going change. So lets hope that 2 day @ MacWorld Steve Jobs can save the day for you guys in the Exec Suites. 2 the labels who are hatin on Jobs, Don’t Doubt’em … Crown’em….. Shout out 2 my gal pal Dili 4 this one. 😉 -!YG
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