The Changing Face of the Music Industry – A Record Label’s Perspective
Record label Kudos has written a long and detailed post that goes over a lot of the things that we usually discuss on this blog – they make a few good points, and it’s nice to hear someone else thinking along the same lines as us. In brief they state that the music industry has got to work on changing the 95% of music downloads that don’t make them any money (i.e. Pirate downloads) to being legal, money generating downloads, and that the way to do that is to create software that delivers the service the consumer wants, and at the same time delivers revenue to the rights owners.
“Historically, technology was developed by The Producer, and served The Producer.
Today it is often developed by The Consumer to serve only The Consumer.”