A Quote by Richard Parsons
I don't think piracy is going to kill the music industry. But digital technology and the ability to download will change the packaging from CDs to a single-based business.
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You know, I do music. If you look under the hood of the industry I'm in, it's all based on technology. From radio to phonographs to CDs, it's all technology. Microphones, reel-to-reels, cameras, editing, chips, it's all technology.
Piracy is important to talk about. It's harming the music industry. It hurts all of us. The public needs to understand every time they buy a pirated CD, they hurt the industry. The only ones who can change that are the fans and the people that buy CDs. It's everybody's responsibility to prevent it.
The history of the music industry is inevitably also the story of the development of
technology. From the player piano to the vinyl disc, from reel-to-reel tape to the cassette, from the CD to the digital download, these formats and devices changed not only the way music was consumed, but the very way artists created it.
The history of the music industry is inevitably also the story of the development of technology. From the player piano to the vinyl disc, from reel-to-reel tape to the cassette, from the CD to the digital download, these formats and devices changed not only the way music was consumed, but the very way artists created it.
Just as the music industry couldn't combat the financial impact of digital piracy, major corporations will have to rethink how to maintain margins when many of their most profitable items can be easily manufactured at home.
Change is inevitable with the evolution of technology. In the '70s, we had records. In the '80s, we had CDs, and now we are living in the digital age. You can say it's sad or unfortunate, but the reality is you've got to roll with the times and the technology.
People don't buy CDs so much anymore because it's easy to download everything. So, while the record industry is declining, the music is heard a lot more than before.
Each business is a victim of Digital Darwinism, the evolution of consumer behavior when society and technology evolve faster than the ability to exploit it. Digital Darwinism does not discriminate. Every business is threatened.
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.
If it's digital, it will be cognitive. If you think that, you're going to change the way you run a business.
It'll be the Internet and piracy that will kill film. There's a philosophy that the Internet should be free, but the reality is that piracy will destroy the film industry and film as an art form because it's expensive to make a movie. Maybe you'll have funky little independent movies, and it'll go back and then start up again some other way.
Every single industry is going through a major business model and technology oriented disruption.
Coming from the era of vinyl you could argue that everything went wrong in the music business the moment we went digital. The day the first CD came out, it all went downhill in the music industry. Digital destroyed everything.
Until the governments don't have a clear law against piracy and the digital downloads are not working worldwide properly, the record industry will keep on suffering.
CDs are clearly dying out, and it's going to be moving to an all-digital format. Along with it, you raise this interactivity with the music. I feel that it's not stealing sales from anyone; it's turning people on to the music.
The single greatest business opportunity that is now emerging in the global marketplace is the ability to analyze digital log data to trace digital actions and from those traces to develop algorithms that can predict future outcomes with greater accuracy.
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