Thursday, July 7, 2011

Quote of the day from Lefsetz

"[I]sn't it funny that Pro Tools is not controlled by the labels. That's how they bought their insurance. By dangling enough cash to pay for recording. But now anybody can do it in their basement.

"Oh, don't get your knickers in a twist, don't say that's impossible, that you need pros and a real room. Many independent acts today make enough money on the road to pay for real studios and name engineers and producers. They're smarter than the labels. They know it's about performance and merch, in many cases giving away recordings for free. Because their boots are on the ground, they know who the audience is and what it wants instinctively. ...

"We live in a streaming world, not a sales world. Do you see everybody saving YouTube clips? Does a day go by when Netflix is not in the newspaper? We're halfway home. Streaming is going to eliminate piracy, at least drive it down to de minimis levels, and more people will listen to more music and everybody will be happy ever after."

-- Bob Lefsetz

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