12 Comments

Summary:

Sometimes you can’t make this stuff up: “Music companies aren’t tech companies, although we depend on tech innovation for the evolution of our business,” Michael Nash, Warner Music Group’ s executive vice president for digital strategy and business development tells The Wall Street Journal. The fight […]

Sometimes you can’t make this stuff up:

“Music companies aren’t tech companies, although we depend on tech innovation for the evolution of our business,” Michael Nash, Warner Music Group’ s executive vice president for digital strategy and business development tells The Wall Street Journal.

The fight with Apple’s iTunes for selling their products, suing kids and their moms, accusing customers and calling them thieves…I don’t think the music industry even knows the meaning of the word innovation. It is more like forced evolution of an industry that is made up of technophobes and known to make intellectually challenged moves!

Updated: As Hunter S. Thompson once said of the TV business:

The music business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There’s also a negative side. It is normally perceived as some kind of cruel and shallow money trench through the heart of the journalism industry, a long plastic hallway where thieves and pimps run free and good men die like dogs, for no good reason.(via)

Apparently, I am not the only one who is hating on the bonehead moves made by record labels. Steve Knopper has written a book about it, “Appetitie for Self Destruction.” Check out the New York Times review of it.

Thanks to Brendan for sending in the correction about Thompson’s quote, which it turns out is a bit of an urban legend.

You’re subscribed! If you like, you can update your settings

  1. Om,

    If you haven’t done so yet I urge you to check out Spotify, this is a tech company that is the future of music.

    1. Adam

      I have checked out Spotify, unfortunately it is hard to use it from the US.

  2. Remember “Ringles”………. okay sorry I wont say more………

  3. Quickthink » Blog Archive » QuickBusiness – How NOT to Play the Game Wednesday, January 7, 2009

    [...] Om Malik takes this quote from Michael Nash at Warner Music companies aren’t tech companies, although we depend on tech innovation for the evolution of our business. [...]

  4. Learning in it’s simplest form is adoption (DNA) to ones environment.
    Learning for the brain is just fast adoption
    If innovation is a form of expressing something new learned by fast adoption. They admit that the have no brain, just do evolution (DNA).
    Now, we declare a Patient dead after the brain dies.
    Ergo they are dead (no brain).

    Ok to much fun.

  5. Good one, Om — that’s one of my all-time favourite Hunter S. Thompson quotes :-)

  6. That’s a bad mangling of the actual quote, which refers to the Television industry:

    http://urbanlegends.about.com/od/dubiousquotes/a/hunter_thompson_2.htm

  7. Your Dose: 8th/9th January 2009 « Wednesday, January 14, 2009

    [...] Gigaom – True Lies of Music Industry [...]

  8. Josh Russell Friday, April 3, 2009

    couldn’t agree more.. what’s painful is that they’re working towards the ruin of the industry for the perceived short term gains. just like a lot of over industries at the moment..

    i got a bit emotional about this in my post: (warning: there is swearing)
    http://joshrussell.com/2009/03/14/ownership-of-a-file-vs-ownership-of-content/

  9. Is Warner Music Killing Music Startups Thursday, May 7, 2009

    [...] can’t blame their customers for their problems – they are after all the gang that can’t find its way out of a paper bag. [...]

Comments have been disabled for this post