Rolling Stone : The Record Industry's Decline

Rolling Stone : The Record Industry's Decline

28 June 2007

One senior music-industry source who requested anonymity went further: "Here we have a business that's dying. There won't be any major labels pretty soon." "The record business had an unbelievable opportunity there. They were all using the same service. It was as if everybody was listening to the same radio station. Then Napster shut down, and all those 30 or 40 million people went to other [file-sharing services]." - Jeff Kwatinetz of The Firm

via boing boing

http://www.rollingstone.com/news/story/15137581/the_record_industrys_decline/print