Tuesday, October 05, 2010

Bookmarks - Internet stuff: Wayne Rosso

If you can get past the hanging-it-on-John-Lennon's-birthday part, Wayne Rosso's summation of the problems facing music labels in The Dream Is Over.

It's not piracy, it's their own obstinacy that is going to destroy them:

There will be no new players of significance to enter the business. Investors don’t want to entertain the remotest possibility of funding any start-up that deals with music, no matter how clever and innovative. As one major media venture firm told me a few months ago, they’re tired of writing cheques for big advances to record labels. Not to mention the huge legal fees that start-ups have to spend in order to get licensed, a process that takes at least a year (for no apparent reason, I might add).