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I don't disagree with your post, but I'm having trouble seeing how it relates to mine. I wasn't saying you can't make good or valuable music companies. I'm jus
by larrik 16y ago
I don't disagree with your post, but I'm having trouble seeing how it relates to mine.
I wasn't saying you can't make good or valuable music companies. I'm just saying almost none of them make a decent profit, and therefore I won't touch them.
I mean, satellite radio was basically built on talk shows.
Or Pandora, the current winner in internet radio, from their IPO filing: "The company has brought in $90.1 million in revenue as of the first three months of its 2011 fiscal year and has lost only around $300,000." (VentureBeat)
It's an industry where even the winners are failures.