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Friday, January 31, 2003 |
January 31, 2003's Wall Street Journal contained an article discussing the possible breakup of AOL Time Warner. The WSJ described Warner records as hurting due to music piracy.
It makes you wonder. In other industries, when the executives say the customers don't buy enough of the product, the executives don't go to Congress. Unless of course, it's steel that's the product.
Why does the WSJ buy the record industry line? Why isn't the problem said to be the maturing of the CD music business or the aging of the population or failure to promote new groups effectively or poor choice of recording artists or runaway costs? Why is it here that the record industry blames the customer? In most industries, when the product isn't selling as well as management hopes, management gets busy and tries to sell more. Or, the board of directors changes the management to those who will sell more.
The record industry is different, however. And the WSJ believes the record industry. Why is that?
10:57:23 PM
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© Copyright 2003 Noel D. Humphreys.
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