Music Giants Look To Merge
from the hide-the-problem dept
When the business you're in is collapsing around you, one way to hide your head in the sand is to simply merge with competitors. That's what looks to be happening in the music industry as the five major labels are all trying to figure out how to consolidate. There's any number of reasons for this, but mostly, the old guard simply has no idea what to do in the new digital world - and they're hoping by getting bigger, it will make the problem go away. Instead, what's more likely to happen is that in the merger mania, it will allow smaller, nimbler, smarter new record labels to take advantage of new technologies and new attitudes towards music, while making the old guard increasingly obsolete.
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Inventory valuations
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The bigger they are...
We've already seen that they have no desire to "understand" the new digital reality...they only want to legislate it into oblivion and guarantee their profits.
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