First of all, OUCH! I haven’t seen MTV in years so I was a little taken aback when its news intro literally blows-up on my monitor. Talk about over-stimulation! Anyhow, the segment looks at the implosion of the record biz from a corporate perspective (geez, if they had only listened to us over the years they would not have been blind-sided). Still, I’m happy that major labels are finally biting it big time (we hope). They should get hip fast: evolve or die. And stop suing your customers! I thought PR is the one thing they could sell to artists.
FYI: Douglas Rushkoff’s take on the situation is that the record companies benefitted from a little bubble that resulted from people trading vinyl for CDs. As we move into an economy of affects (emotions, relationships, ephemerality) all they have to go on now is bad blood. Bad move.
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