"The music market is down not due to P2P “piracy,” but for four simple reasons: a) stiff competition for the entertainment dollar with formats like video games and movies, both have much larger marketing spends; b) the replacement cycle is over-digital music does not scratch or wear out like past formats; c) one now has the ability to purchase and listen only to the great songs without filler; and d) mass-merchant retailers today carry only the current hits, with little to no catalog."
Terry McBride, more here. He is such a badass humble thinker and observer, was incredible to meet him. (via Taylor)
