http://blogcritics.org/ A sinister cabal of superior bloggers on music, books, film, popular culture, politics, and technology - updated continuously. en Copyright 2005 by the authors Mon, 3 Feb 2003 19:41:51 EST http://backend.userland.com/rss Blogcritics.org custom software http://blogcritics.org/archives/2003/02/02/140613.php#comment-3232 On <a href="http://www.cbc.ca/venture/main.html" target="_blank">Venture</a> last night, they looked at the mainstream record business. The general conclusion is that the major record companies aren't qualified to run a hot dog stand. They had CRIA bleating about downloading, the prez of Sony Canada blaming high speed access (and she made sure to insult music buyers by calling them pirates) and how it takes time to get legal downloads happening, and they interviewed Loreena McKennit, who has sold several million records, which she owns totally. She talked about trying to find a distributor for her new album, and how none of the majors had proper accounting and audit procedures, or proper business processes which don't include fantasy or fraud. The bubble has burst, and the days of accepting an 80 per cent failure rate is over. Would you buy a hot dog if there was an 80 per cent chance it wasn't any good? It amazes me that in the space of a little over three years, the major record companies have successfully created a negative brand equity for themselves. 3232@blogcritics.org Mon, 3 Feb 2003 19:41:51 EST