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September 26, 2005
It was bound to happen...
Seems that record companies are wanting a percentage of every iPod sold now.
My response? The record company is a thing of the past. Kill it off and let it die ... preferably a slow and miserable death. Let artists make their money directly per song, a la iTunes, and take over their own financial future instead of getting a minor profit from the record labels.
In the past 10 years, technology has changed the way that consumers purchase items. Consumers are getting to a point where they can purchase things the way they want them. Many companies have understood this change and have adapted to the consumers demands. I think that Nike is a fantastic example of this understanding. Instead of giving the customer a few bland choices of shoes to choose from, perspective buyers can now custom design a shoe on the Nike Web site and have it delievered to their home.
Show me a record company that lets you go to their Web site and customize an entire album. It just doesn't exist.
Customer choice is a foreign thing to the record labels and similar technology-blind companies. It's just something that they can't possibly comprehend. They either don't understand technology OR don't care to use it, thinking that their older methods are better. These company's have always told customers what to like and dislike. They fight tooth and nail to keep things the way that they've always been, and when the dust settles realize that they've been left behind.
Technology is the way of the future. There's no stopping it. It's going to change many businesses models and the way that people consume. Those who try to keep things the same try to lobby for lawmakers to create laws to save them, but ultimately it will be the customers who make the ultimate decision. I personally can't wait to see the final nail go into the coffin of the RIAA and MPAA.
Update: This is a great article that really fits in with this topic. Seems that a lawsuit brought on by the RIAA was dismissed, without prejudice, against a woman who's daughter downloaded music.
~out...
Posted by ed at September 26, 2005 03:03 PM
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