Eugene David
...The One-Minute Pundit

Thursday, September 04, 2003


Here's news to cheer the portals of the most determined record-industry hater's heart: Bertelsmann's doing lousy.

Truth is, we need a healthy recorded-music business. But three things work against it: 1) the teen disposable-music obsessive-compulsive crowd's desire to put everything on computers and portables, bypassing hard copies; 2) an obsolete pricing strategy, adopted over twenty years ago, when CDs were still new (and not yet superior to LPs; the first machines had harsh sound) and expensive to make, and the technology had yet to merge with computers; and 3) the biz' utter dependence on rock, and the long-past mining out of that musical vein. But more than sales quirks and strategies are why the record biz is in the pits; above everything else, its creative juices have totally dried up, in every genre. Making music more accessible and more affordable won't cure the absolute dissipation of its genius. The loathsome moguls are right to be scared, but they're scared for the wrong reasons.

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