4 ms·
I'm enjoying the comments about the lack of data in the linked article. As a tech person who works in the music industry, I've stopped reading most music busine
by taylorlb 16y ago
I'm enjoying the comments about the lack of data in the linked article. As a tech person who works in the music industry, I've stopped reading most music business centric news as there always seems to be a lack of data driven analysis. So much of the music business is driven by a "vibe" or a "feeling" which can be great for deciding which artists to be in business with, but pretty terrible for most other important decisions.
Considering how many iPods the iTunes Music Store helped sell, I'm not sure it can be referred to as a failure. Perhaps it's a failure for the major music companies in terms of the revenue it drives for THEM (and I assume this is what Lefsetz is saying), but that wasn't the reason for creating the ITMS any more than the reason Apple launched the App Store was to drive revenue for App Developers.