Bob Lefsetz
January 9, 2009 at 2:37 am | In ...And I Quote, Music Business | Leave a CommentTags: digital, Digital Media Digest, Lefsetz, Quote, record label
“The institution has trumped the musicians”
From his recent blog “Timing“. While I’d like to read more from Bob about what he thinks WILL work instead of what hasn’t, doesn’t, or won’t, I am grateful for the blunt reality that he brings to the table and his assessments are, for the most part, spot on. For those of us working in the music industry, it’s difficult to deny that the artist isn’t the focus anymore. Everyone is in survival mode from the Penthouse to the Mailroom. Digital will never compensate for physical revenue losses and physical has chosen a slow and painful death, which means there’s still a long hard road ahead. Headcounts will continue to be reduced and, unfortunately, the Institutions haven’t been starved enough to spawn effective ways to be a successful record label of the future and until then, the musicians will suffer.
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