Saturday, November 3, 2007

Music is now free

The following report was compiled by Richard Greenfield with Pali Research, an investment direction initiative that puts together these types of things. Take a look. You may need to register to view the file, but it is worth a glance. The price of recorded music is $0, if you don't realize this, you are living in the nineties.

I recently had a conversation with a music publisher in Nashville. When I asked her about the state of the publishing industry and what her company plans to do to stay relevant, she said, "I just hope someone comes out with a new CD-like media that will force people to pay for music again." WOW. I'm sorry, but it looks like you won't survive in this industry very long. The countdown has begun. Take a look:

http://paliresearch.com/files/2007/11/wmg-11-1-07-cc.pdf

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