Nearly every day, Bob Lefsetz winds himself into a full-on rant on the state of the music industry. Sometimes two of them. It's gotten the point where I have to brace myself to simply read his emails. But he's right about the big themes and he's fascinating to watch, in a car crash sort of way.
Here, in today's email (also on his blog), he confronts the majors with their real problem: the free music that they're competing with isn't pirated; it's willing given away by musicians who are playing a different game.
I'm positively stunned at the blowback from business regulars about that chap [I actually don't know which chap he's referring to--maybe this one?] giving his music away for free. Oldsters can't understand the economics!
I'll clue you in, THERE ARE NONE!
This is your worst nightmare. People who can follow their dream on sweat equity. Who with their computer and the money from their day job or mommy and daddy can compete with you. It's like the North Vietnamese, all our military might couldn't defeat individuals who would fight to the death. Same deal in Iraq.
It's an eye-opener. That your model is IRRELEVANT!
YOU need to pay the mortgage. YOU need to go on vacation to the Caribbean. But the new musicians? They're willing to sleep on the floor and eat ramen. Hell, they're in their twenties, they're not on the corporate track, they've got different ambitions!