Commentary by Constantine Roussos:
"Companies screwing artists include:
1) Google/Youtube
2) Terrestrial Radio / NAB
3) Apple
4) Limewire/PirateBay
The sad thing is, we do not seem to get it. Apple and Google really get it. Look at their stock prices. Piggybacking music is a crucial component of success for them. The most searched terms on the Internet are music related: music, lyrics & videos. Google knows this. So we will get Google Music.
Problem with the music industry is that most do not really get it. We are fighting each other while others reap the benefits. Apple and Google are probably the two most innovative companies. Their positioning is translating into billions of dollars.
Google Music & Apple iTunes will not save the music industry. Loss leading is not the way of the future:
Google: It is not about the music, it is about the ads.
Apple: It is not about the music, it is about the hardware
Companies have pulled the rug underneath the music industry and the sad thing is, many have not received the memo about this. And yes, this trend will continue until we develop a sound strategy to increase our value proposition and diversify revenue streams."
Constantine Roussos
.MUSIC
