Echo Is Not Going to Work

This according to Jimmy Guterman, writing about the online consortium formed by six music retailer last week to sell music digitally. “Just look at the introductory statement from executives associated with the six record chains: Monday’s announcement did not even hint that Echo is anywhere near securing licenses from the major labels. Even more important, none of the industry execs — the folks crucial to such deals — were part of the announcement. And why should they be? Echo is positioning itself as a competitor to the major labels’ own far-from-successful digital-distribution endeavors, MusicNet and Pressplay.”

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