Sunday, July 08, 2007

SUNDAY EXTRA

FAKE STEVE JOBS
CALLS OUT THE BIZ
"The music companies are in a dying business, and they know it. Sure, they act all cool because they hang around with rock stars. But beneath all the glamour these guys are actually operating two very low-tech businesses. One is a form of loan-sharking: they put up money to make records, then force recording artists to pay the money back with exorbitant interest. The other business is distribution. They’ve got big warehouses and they control the shipment of little plastic boxes that happen to have music in them."

Oh damn. Infamatory, but largely accurate. With record sales in free fall, (down 15% in Q2 2007) The manuver by Universal to not renew their iTunes contract cannot be a true position. It's tactics. Legit digital download sales are up, sales of CDs are down... It's too late to back off now.