Fake Steve on The Music Industry

The guys running the labels are pretty stupid—most are just dirtbags who started out as band managers or promoters—but now at long last they are kinda sorta finally vaguely getting clued in to the fact that both parts of their business model are fucked. Their loan-sharking business is being eliminated by low-cost digital recording technology that lets people make an album for very little money. And by letting us build the online music store they’ve taken themselves out of the distribution business.—The music industry nobs have finally figured out what we’re doing

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