On the subject of the dominance of Apple’s iPod and iTunes strategy versus the decay of the music industry, Bob Lefsetz saidbest:
A 45 held two tracks. An LP forty minutes. A CD seventy minutes. An iPod? DAYS WORTH! So, the ART FORM was challenged. How long should an album BE? Should there even BE any albums? Stunningly, both labels and artists are still debating this, still clinging to the album format when consumers only care about ONE THING! That the music be GOOD! They want a LOT of good music, and NONE bad.
I would also add that they want it NOW, with new stuff released often and in endless supply. But most of all, whatever it is, they want it FREE.
btw, I’ll have some more thoughts to add on this very subject in the next day or two. It’s really big, and I couldn’t be more proud of it. I can’t wait to share it with you.
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