January 4th, 2008
why record companies didn’t survive the internet revolution
everyone knows that mp3 are killing the record companies, but if you ever wondered why after all these years record companies haven’t really done anything to compete, except sue people, the reason is the people at the every top. Wired did a profile on Universal’s CEO, and from what his stance and action on the internet revolution it is no wonder they failed. An example, he says reporters got it all wrong when they write that record people missed the opportunity, because actually, they knew about it but didn’t know what to do. Read the whole profile here.
