The bottom of the article talks about EMI’s losses and their borrowings. I guess they’re panicking and trying to control a medium which they can’t.
Article found via Media Futurist @gleonhard who adds:
“Ouch - will they EVER learn? License the ISPs - don’t unplug the users!!!”
He has a good point. If this were the 80’s, it would be like scrambling somebody’s radio for taping songs. Except the internet has far more functions and is essential for most connected people, unlike the radio has ever been.
This fact COULD be a big advantage to the music industry. The internet is essential for 90% of its users (or more?), radio was never essential for more than 1% of its users. Besides that the internet is an interactive medium and people are a lot more approachable. People are online more and more time per day, people are actively using it (as opposed to radio), but they’re cutting off potential customers - and, more likely, existing customers.
Why are they having so much trouble understanding the amount of money there is to be made? *sigh*
