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Grex > Music > #54: The Thirty-Second "Napsterization" Item |  |
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| 6 new of 30 responses total. |
krj
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response 25 of 30:
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Jun 18 18:02 UTC 2008 |
From Monday's NY Times, a feature on venture capitalist Guy Hands and
his tenure at the head of the EMI record company. The most important
quote:
>>"An analysis by McKinsey and KPMG found that EMI had lost £750
>>million ($1.5 billion) from selling new music over the last
>>five years.
>>"'We didn't believe it at first,' he said, explaining that the
>>figures that EMI previously reported counted sales of re-releases of
>>music from old acts like the Beatles as new music revenue."
<< endquote
Just, wow. EMI's recorded music business is no longer creating any
value from new music -- in fact new music is a giant money pit and
it's probable that the corporation would benefit from shutting it
down and just selling music from the back catalog.
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tod
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response 26 of 30:
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Jun 18 18:07 UTC 2008 |
Mmmm'Bop!
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gull
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response 27 of 30:
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Jun 18 19:46 UTC 2008 |
Re resp:25: I'm sure they'll find a way to blame this on illegal
downloading.
I'm always kind of distrustful of entertainment industry loss figures.
My understanding is it's common to use creative accounting to come up
with loss figures so that they can get out of paying royalties. It's
been said that if you believe movie industry accountants, no movie has
ever turned an overall profit. ;)
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krj
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response 28 of 30:
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Sep 17 05:08 UTC 2008 |
An actual response about Napster!! :)
Best Buy has acquired Napster. The bloggy speculation is that Best Buy
is doing this to acquire an online delivery system which might be able
to compete with walmart.com. I can't vouch for this myself, but
the blogwriters argued that Best Buy's existing online music system
was not very good.
On the other hand, we recall a previous Best Buy acquisition: they bought
the national CD retail chain Musicland in 1999, just before the market
started to collapse, and eventually Best Buy gave Musicland away for
zero cash, a year or so before Musicland's final shutdown in bankruptcy.
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krj
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response 29 of 30:
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May 13 13:34 UTC 2009 |
To the music conference:
Looks like about a year since I had one of these items. In the past
there were some readers in the music conference who objected to having
this linked from Agora, but I suspect those folks are all gone now
anyway. Any thoughts?
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mary
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response 30 of 30:
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May 13 13:47 UTC 2009 |
Link away.
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