Universal Music's new CEO thinks CDs are the future
This article is hilarious. First, there's the quote from former CEO, Doug Morris, who said, in a 2007 interview, that "There's no one in the record company that's a technologist. That's a misconception writers make all the time, that the record industry missed this. They didn't. They just didn't know what to do. It's like if you were suddenly asked to operate on your dog to remove his kidney. What would you do?"
"We didn't know who to hire," he says, becoming more agitated. "I wouldn't be able to recognize a good technology person -- anyone with a good bullshit story would have gotten past me."
The incoming CEO is Lucian Grainge, who previously headed the company's international division. So, what's Grainge's take on the future? "I believe that the CD will out-survive me as a format," Mr. Grainge said in an interview.
Wow.
2 comments:
CDs are dead. Vinyl and Digital live on...
CDs still account for about 80% of all music sales worldwide and I'm willing to bet will be still available in 2025 in some form or other, especially in the third world and for the large numbers who simply are not tech savvy enough to have online accounts.
I think Lucian Grainge is probably right.
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