A Quote by Barry Diller
Napster has pointed the way for a new direction for music distribution, and we believe it will form the basis of important and exciting new business models for the future of the music industry.
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There are those who say the music industry must adapt to a wired world. They point to the decades-long rise in CD prices, even as manufacturing costs came down, and to data that shows Napster may actually increase sales of CDs by music-hungry customers as evidence that the music industry is simply afraid of a new technology.
I had business experience. I had made my living designing and building electronic equipment. Basic business was not new to me, but the music business was completely new to me. I knew nothing about distribution, or any of those things.
When you think of Napster, you think of music. But the first thing that struck me was that this was an important case not only for the music industry but for the whole Internet.
New generations have unprecedented power to make great changes. Take the music business for example. The new generations have toppled the music industry by file sharing, downloading, and Myspace. Rock 'n' roll belongs to the people.
It's not that we need to form new organizations. It's simply that we have to awaken to new ways of thinking. I believe it makes no sense to spend a lot of time attacking the current realities. It is time to create the new models that have in them the complexity that makes the older systems obsolete. And to the extent that we can do that, and do that quickly, I think we can provide what will be necessary for a major breakthrough for the future.
Music for me is something I prefer to keep away form the whole business part of my life. I feel like everything I do, in a way, has some sort of business around it. So with my music I can have my privacy. If people don't have to pay for it then I think they can be a little more open to new ideas.
There will always be music on the Internet that people can steal. What's new is not theft. What's new is a distribution channel for stolen property called the Internet. So there will always be illegal music on the Internet.
In my opinion, one of the most exciting potentials of the blockchain relate to creating new business models, whether in public or in private settings. In most of these cases, the new models don't care for incumbents because they are mostly on a disruption quest.
Los Angeles and New York are the big centers of the music industry worldwide so of course it can be hard for newcomers who don't know what to expect from the music business.
I do not think it is any benefit for artists or fans to have all the new, wide distribution channels in the online world controlled by those who have controlled the old, narrower ones, .. This is especially true if they achieve that control by leveraging their dominance in content or conduit space in an anticompetitive way to control the new, independent music services that are attempting to enhance the consumer's experience of music.
I am passionate about what design can do - how far it can support the new ideas and the new ways of living of this 21st Century. Good design accelerates this exciting future where manufacturing is local, materials and processes are cradle to cradle, business models are both socially and financially driven.
My basic grammar is in Indian classical music, Carnatic music, and Hindustani music, but I don't believe that that is the only form of music I will learn. I don't believe in that, because I am a very open minded person.
Since the traditional recorded-music business models have drastically changed, there is truly diminished income derived from recorded music by artists - both current and catalog. The touring industry has become much more important as a majority revenue stream and the ancillary fan experiences and promotions that may be derived from it.
Great songwriting will never die - it's in the DNA of music - but what's new and exciting is pairing that with new sounds that technology is enabling us to make.
I still make music. I still write music and I record music, I just don't trust music promotion [and] distribution right now enough to record a new set of diligently worked-upon compositions. I do trust the audience and the audiences very much.
About 1990 there was a huge shakeup in the music industry and the 6 major record companies fired all the music people and hired business graduates to take over the spots. So the music became not as important. What really became important was the bottom line, how much money you could make.
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