The co-chairman of Columbia Records, where I worked Lo! these many year ago, announces that the music recording industry is strictly a legacy, and is on the way out....which, apart from the presumably necessary terminology ("-until the paradigm shifts, it's going to be a declining business. This model is done."), has been obvious to anyone who acquires and uses music for some years now.
The interesting thing to me is what was said by another commentator: "The establishment -which often is those who rode the last big wave- never sees where the next paradigm is coming from."
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