Posts Tagged ‘iTunes’

Down goes the industry!

October 30, 2007

As few may know, I used to be the front of a semi-popular NYC based music group called, Dayglow.  Being a part of that group taught me things that I may never learn anywhere else.  To make it in the worlds most difficult/saturated industry, takes endless hours of preparation and dedication!  We found ourselves working at our craft day and night for almost five years.  It took that long for our music to be heard by a few guys  under this guy:

Jeff Zucker is the CEO of NBC Universal. Please hold all comments until after the post!!  This morning I woke up and checked my Bloglines as usual and saw that Engadget posted a really amusing story about Zucker.

Seems like Zucker “flat-out said that Apple and iTunes had “destroyed the music business” in terms of pricing and that video was next unless “we take control.”

Seems like the $10 subscriptions to the Universal music catalogs are just not working.   iTunes brings in tons more money than Universal, who would’ve thought that would happen.  And apparently iTunes only paid Universal $15 Million on the sales, with NBC Universal giving the most content, surely that number is incorrect.

Two years ago, as I prayed for a record deal, I never thought that the music industry would be taking the nosedive it is today.  With the emergence of Live Nation and Myspace Records, the industry will take care of itself and grow to the new systems happening around it, but the death of the “Big Boys” is unavoidable.