Now they're going in the tank, because the world has changed, and they did not change with it. They bit the poison pill, without realizing it, when they went digital. Once a thing is in digital domain, it can be copied as many times as you want. And there is no system that can keep it from being copied. You can devise the most clever one you want, and I will bring some little geek with a pen protector in his pocket into the room and he will fix it in a minute. ...
They bit the poison pill, and it's killing them. And I think what's killing them really, is that they have a bad business model that doesn't coincide with reality.
I think this says it all. They are trying to hold onto a business model that no longer works and they're using the government to do so. I don't personally agree with their practices I think they stink. They are pushing an antiquated system that requires their customers to either pay through the nose or become thieves. Make something prohibitively expensive, and I'm sorry $16.00 for an album that has at most of late one or two songs I like on it is prohibitively expensive, and you're pushing your customers to seek alternatives. I like iTunes, I can buy the one or two songs I want. And if there is an album that belongs together, say some of Rush's albums, I can buy them as a whole if I want to.
The truth is that as long as the RIAA can make the fistfuls of money they will continue to do so because they are a business. As soon as that business model become unfeasible, for them, not us, they will switch and find alternatives. Even with the piracy and decline in music purchasing they are still raking it in. There are too many 12 yr olds with disposable income that simply must have that latest Britney, NSync, or Avril album and will get it.
I also liked his comment that VH1 and MTV have unwittingly made music more about look and feel then about music. Most of my music dates back to before the 90's, with some notable exceptions.