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What their spreadsheets don't consider is that the world could change while they're delaying. These non-technology people don't understand the speed of change
by pg 18y ago
What their spreadsheets don't consider is that the world could change while they're delaying.
These non-technology people don't understand the speed of change or the danger of delay. That was what hosed Terry Semel, apparently. While he was trying to buy Google and Facebook, they were both growing rapidly. He was used to buying stuff whose value didn't change fast, like movie rights. But technology changes fast.
- swombat 18y agoAnd I hope it does change. Taking a cue from BSG, "It's not enough just to survive, one has to be worthy of survival." Some industries are blatantly not worthy of survival. I will not shed a tear when the last major record label shuts down.
- cabalamat 18y ago> I will not shed a tear when the last major record label shuts down. I'll be positively ecstatic!
- fallentimes 18y agoThis quote cracked me up: "No longer will the labels be tied to revenue limited to sales of master recordings - by then most or all artists will be under 360 music contracts that give the labels a cut of virtually every revenue stream artists can tap into - fan sites, concerts, merchandise, endorsement deals, and everything else." I'm betting by then such deals won't be entirely necessary or at the very least can be approached via a fee basis.