Big Music: hoping for a ‘revival’
p2pnet news view Music:- The online corporate music business is a wan and pale creature, completely overshadowed by the P2P networks and steadily increasing numbers of independent sites and services.
Nonetheless, the “major record labels” are “hoping to revive” it by, “creating a single digital destination for their artists’ output,” says the Financial Times.
“Plans under discussion include: a partnership with Hulu, the online television and film joint venture between News Corp and NBC Universal; the creation of a premium service on YouTube, Google’s video sharing site; or, a standalone venture between some or all of the four largest recorded music groups,” says the story.
Are they praying there are still millions of clueless people out there who’ll be sucked in?
“The industry’s search for new digital income comes amid collapsing compact disc sales, which have not yet been offset by digital revenue growth. Warner, the only quoted music company, reported 39 per cent growth in digital revenues for 2008 to $639m, or 18 per cent of total sales,” says the story, adding:
“EMI, owned by Terra Firma, the private equity group, said full year digital revenues rose 29 per cent to £166m, while Universal, owned by Vivendi, reported 33 per cent growth in digital revenue for the first nine months of its financial year, saying in September it believed digital initiatives could soon return the music industry to growth.”
That’ll happen if and when they fully open their catalogues, drop their wholesale prices and start treating their customers — upon whom they depend utterly, lest they forget — as intelligent, responsible people instead of accusing them of being criminals and thieves.
Meanwhile, they can only dream and scheme.
Financial Times – Music industry looks to internet for revival, December 28, 2008
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December 29th, 2008 at 5:24 pm
We be hoping, we be hoping.
And in Canada, we be hoping they don’t try to fight for another ten years. Or they are REALLY going to go down the shitter.
December 29th, 2008 at 5:26 pm
“That’ll happen if. . . ”
No. That will never hapen and even if it was to hapen we will never allow this.
it is too late. We now know what can of criminals and parasites they are and we don’t need them in our societies.
SORRY!
They have to step aside and make room for the real music industry of the 21st Century!
There is no way they can be part of it!
December 29th, 2008 at 7:09 pm
EPIC FAIL
Sony root kit …never forget
December 30th, 2008 at 12:45 am
BOYCOTT HULU, another of the entertainment cartel’s devices to enthral us into thralldom.
December 30th, 2008 at 1:18 am
Their star is becoming evermore pallid, and as the propinquity of their demise is witnessed, we shall all rejoice and make libation to our victory. VICTORIA NOBIS; HOSTES VALIDIORES SUNT, SED MVLTITVDO SVMVS.
December 31st, 2008 at 9:57 am
” BOYCOTT HULU, another of the entertainment cartel’s devices to enthral us into thralldom. ”
Actually, I LIKE Hulu.
It’s pretty popular all around.
That’s why the RIAA want it shut down.
Most of their content they NEVER INTEND to make available to anyone anymore.
So, whats their issue ?