True Lies of Music Industry

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.