Every major label is drooling over the money-making prospects of having its own iTunes or Musicmatch. But they are all, in the immortal words of Johnny Cash, "born to lose, and destined to fail." Why? The music industry's problem is fundamental: the implicit contract between music companies and listeners is no longer viable.
RED HERRING | The Business of Technology
We’ve all known that the Music Industry needs to wake up and smell the coffee for quite a while, and now it seems mainstream media is beginning to catch on as well..
Pretty soon everyone will know about this, except the music industry itself as they keep blaming piracy and shoveling their huge problems under the carpet.