The Music Industry Doesn't Understand Their Own Business
from the do-you-realize-what-you-just-said? dept
It’s no surprise that the folks who run the music industry don’t understand the business that they’re in, but I didn’t expect them to admit it. In the latest article analyzing last week’s deal to sell the label-owned-and-created Pressplay to Roxio (so they can rebrand it as Napster), a top executive from Sony Music is quoted as saying, “We are in the content business. We don’t have to own the highway necessarily unless it is strategic to do so.” That statement shows just how much they don’t understand what the business is that they’re in. Not that Pressplay was worth anything to them (since it was built so terribly) – but the simple fact is, thanks to digital technology, the music industry needs to realize that they’re not in the content business. They were never in the content business. They have always been in the content delivery business. Not understanding that simple fact is the reason they’re in the mess they’re in today – and the fact that they still don’t see that (and, in fact, are moving in the opposite direction) only furthers the notion that the current record labels are dinosaurs that are not long for this world.