Record Industry: We Will Die

Posted By: Dr. Frugal in Economics on 10/08/2007 at 05:25:01

In an article titled "Embrace Digital or Die", I think it's safe to comment upon Record Companies decision to die.

Tim Burgess, the Charlatans' lead signer, told The Sunday Telegraph: "I want the people to own the music and the artists to own the copyright. Why let a record company get in the way of the music·"

There you have it. I don't know who the Charlatans are and don't care. But if you're a record company, take that to heart. Even your artists don't value your role; maybe you should re-examine it. Quotes like that are in stark contrast to stories like Led Zeppelin reuniting to honor their late friend and record executive. This isn't 1970 though--or even 2000. I can easily produce an album with $1000 worth of gear and a little time that will be 95% as good as what any record company is putting out. So do you think any consumer cares about that 5%· Especially when most of the songs that come out are awful· I don't think so. We consumers have the right to choose and have done so--put out better music, stop charging so much, and maybe, just maybe, we'll consider your services again.

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