Friday, May 22, 2009

Why Music Matters by Richard Florida

Nice blog post on the Daily Dish:

Universal Music Group, the world's largest recorded music company, is once again trying to adapt to the new world of digital music. It's created a new venture named Vevo in partnership with Google, according to the Wall Street Journal. Vevo aims to generate increased advertising revenue from streaming music videos.

But the enormity of the creative destruction sweeping the industry goes far beyond the iPod killing off the CD. The Gang of Four's Dave Allen argues that we are seeing the "end of the album" - a construct initially created by the limitation of vinyl technology in 1930 - as the organizing principle of musical production. He sees this as potentially liberating for musicians - or those musicians that can adapt. Industry veteran Bob Lefsetz predicts a return to the pre-LP era, when artists constantly pumped out singles and toured.

Read the full post here at the original post.

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