Bono Agrees With Manager: ISPs Are To Blame For The Downfall Of Music
from the blame-the-enabler dept
All of these other companies actually had the foresight to see where the market was heading with digital music, and they built up businesses that made money! The actual recording industry, however, did not foresee any of this, did not build up the business models -- and, in fact, stuck to the old, increasingly obsolete business model so stubbornly that it actually pissed off many fans. Therefore, it's clearly the fault of those who accurately prepared for the changing marketplace, and they should give lots of money to the companies that deliberately chose to ignore these trends.Well, that may be a bit of a paraphrase, but I think it's pretty close.
Anyway, despite him ranting on in such a misguided fashion for quite some time, U2's Bono has been too busy saving the world to weigh in on the matter... until now. Valleywag points us to the news that Bono has written a letter to NME Magazine, where he, too, claims that it's all the fault of these damn ISPs and tech companies building real business models that make the market for music more efficient and open up all these new opportunities to profit. However, he does choose to contradict his manager on one point: arguing that McGuinness is wrong to claim that Radiohead's experiment with pay-what-you-want for music backfired and hurt the industry. Bono claims that the experiment was "courageous and imaginative." The same, however, cannot be said for all those tech companies that actually enabled that courageous and imaginative experiment to take place. They're obviously just exploiting the musicians.