{"id":168,"date":"2005-09-26T19:35:58","date_gmt":"2005-09-27T02:35:58","guid":{"rendered":"http:\/\/lefsetz.com\/wordpress\/index.php\/archives\/2005\/09\/26\/power-top-ten\/"},"modified":"2005-09-27T09:02:04","modified_gmt":"2005-09-27T16:02:04","slug":"power-top-ten","status":"publish","type":"post","link":"https:\/\/lefsetz.com\/wordpress\/2005\/09\/26\/power-top-ten\/","title":{"rendered":"Power Top Ten"},"content":{"rendered":"<p><strong>1. Steve Jobs<\/strong><\/p>\n<p>It&#8217;s kind of like the Beatles, the best is the BIGGEST!<\/p>\n<p>Oh, there were people who hated the Beatles.\u00c2\u00a0 Then again, these detractors <br \/>had the Stones.\u00c2\u00a0 So far, a Stones hasn&#8217;t appeared in the world of digital music. <br \/>\u00c2\u00a0Probably because the rest of the marketplace doesn&#8217;t seem to understand.\u00c2\u00a0 <br \/>It&#8217;s all about the SOFTWARE!<\/p>\n<p>Sure, the iPod is cool, featuring amazing design.\u00c2\u00a0 But what is even MORE <br \/>amazing is when you plug your iPod into your computer and all your music flies to <br \/>it at a second a track, with no glitches.<\/p>\n<p>If Microsoft wanted to compete it would create a better iTunes.\u00c2\u00a0 But, <br \/>Microsoft hasn&#8217;t ever shipped a product that didn&#8217;t need three iterations to be <br \/>SERVICEABLE!<\/p>\n<p>You&#8217;d think that Microsoft made MS DOS\/Windows the default.\u00c2\u00a0 But IBM did <br \/>that, by using the software, by giving it its imprimatur.\u00c2\u00a0 Otherwise, MS <br \/>DOS\/Windows is another CP\/M.\u00c2\u00a0 For some reason Redmond thinks that its market <br \/>share\/monopoly in the past allows it to have a monopoly in the future.\u00c2\u00a0 Which is why the company is suddenly behind the eight ball.\u00c2\u00a0 Just read last week&#8217;s front page <br \/>story in the WSJ on how fucked up the company is for edification.\u00c2\u00a0 Then again, <br \/>Microsoft could make progress by giving up WMA.<\/p>\n<p>Microsoft&#8217;s got the game all wrong.\u00c2\u00a0 It thinks its customers are the <br \/>corporations.\u00c2\u00a0 Yes, their operating system monopoly was built on the back of business, but music is ruled by the people.\u00c2\u00a0 Microsoft gives the corporations <br \/>everything they want, digital rights management, whereas the public wants FREEDOM!\u00c2\u00a0 Microsoft could make an end run around Apple by embracing open standards, but that&#8217;s not their style.\u00c2\u00a0 They want to own everything!<\/p>\n<p>Actually, Apple is employing an open standard.\u00c2\u00a0 AAC is based on MPEG-4.\u00c2\u00a0 It&#8217;s <br \/>just the DRM, FairPlay, that&#8217;s proprietary.\u00c2\u00a0 But, I&#8217;ve got to tell you, the <br \/>DRM\/FairPlay\/iTunes Music Store arm of the enterprise is almost irrelevant.\u00c2\u00a0 <br \/>You see Apple&#8217;s iTunes software supports the standard, MP3.\u00c2\u00a0 It rips CDs.\u00c2\u00a0 And, <br \/>the iPod will accept stolen P2P tracks just as well as it will iTunes Music <br \/>Store bought copy protected AACs.\u00c2\u00a0 The key isn&#8217;t to get Jobs to have variable <br \/>pricing on tracks but to find a way to monetize the trading of files P2P.\u00c2\u00a0 More <br \/>tracks are traded in a month than are sold on disc in a year.\u00c2\u00a0 One would think <br \/>that the labels would try to capture this market.\u00c2\u00a0 But they&#8217;d rather argue <br \/>with a king more powerful, HIPPER than they are, about some sideshow.\u00c2\u00a0 Really, <br \/>step back and have a look.\u00c2\u00a0 It&#8217;s utterly laughable.<\/p>\n<p \/>\n<p><strong>2. Eric Garland<\/strong><\/p>\n<p>The RIAA is a disinformation organization.\u00c2\u00a0 As bad as any Third World <br \/>government entity.\u00c2\u00a0 If you believe what the RIAA has to say, you probably believe <br \/>Paul McCartney is dead.\u00c2\u00a0 Or that Enron is still a burgeoning corporation.<\/p>\n<p>Despite a slight sales renaissance in the first half of 2004, CD sales have <br \/>continued to drop.\u00c2\u00a0 DRAMATICALLY!<\/p>\n<p>And P2P trading continues to go up.<\/p>\n<p>RIAA lawsuits have decimated trading not a whit.\u00c2\u00a0 Whatever b.s. they spin.<\/p>\n<p>Thank god there&#8217;s a counterbalance to the disinformation.\u00c2\u00a0 That&#8217;s this man, <br \/>head of BigChampagne.\u00c2\u00a0 Now, the mainstream press is catching on.\u00c2\u00a0 They&#8217;re <br \/>calling Eric for the truth.\u00c2\u00a0 And they&#8217;re printing it.<\/p>\n<p>More music for more people.\u00c2\u00a0 That&#8217;s the formula of the future.\u00c2\u00a0 That&#8217;s what <br \/>Napster wrought.\u00c2\u00a0 The labels just have to monetarily harness reality.\u00c2\u00a0 You <br \/>can&#8217;t stop trading, you can&#8217;t stop passing on.\u00c2\u00a0 The key is not to try and <br \/>eviscerate this behavior but to CHARGE FOR IT!\u00c2\u00a0 It&#8217;s just like performing rights <br \/>societies.\u00c2\u00a0 All those restaurants, bars and coffee shops have BMI and ASCAP <br \/>licenses.\u00c2\u00a0 Every Internet user who trades music should have a license to do so also.\u00c2\u00a0 <br \/>Sure, they won&#8217;t pay much, but think of all those CUSTOMERS!\u00c2\u00a0 Suddenly music <br \/>goes from being something people can&#8217;t afford to a commodity that is embraced <br \/>by EVERYBODY!\u00c2\u00a0 The labels make more money.\u00c2\u00a0 The artists make more money.\u00c2\u00a0 Live <br \/>business explodes.\u00c2\u00a0 Please tell me what&#8217;s wrong with this formula.<\/p>\n<p \/>\n<p><strong>3. Coran Capshaw<\/strong><\/p>\n<p>God bless the entrepreneur.\u00c2\u00a0 Unlike the execs who played games to make it to <br \/>the top of the corporate ladder, Coran Capshaw built his own.\u00c2\u00a0 No one can take <br \/>it away from him.\u00c2\u00a0 No one can fire him.<\/p>\n<p>Oh, Dave Matthews can let him go.\u00c2\u00a0 But now it&#8217;s not only Dave&#8217;s touring <br \/>business, it&#8217;s the complete MusicToday empire.<\/p>\n<p>Unlike Clive Davis, who is courting the press 24\/7, spending a fortune to <br \/>look good, Coran flies completely under the radar.\u00c2\u00a0 But I would be surprised if <br \/>Coran had less money than Clive.<\/p>\n<p>Yup, while you&#8217;re watching one game, the major label circus, that world is <br \/>being eroded by what you deem irrelevant.\u00c2\u00a0 Coran started with a bar, not an MBA. <br \/>\u00c2\u00a0He built his empire on live music.\u00c2\u00a0 Where the buck stops.\u00c2\u00a0 Where if you <br \/>can&#8217;t play, you&#8217;re done.<\/p>\n<p>And, because of this background, other managers trust him with their <br \/>merchandising business.\u00c2\u00a0 When most managers won&#8217;t trust ANYONE, for fear they&#8217;re going to encroach on their territory.<\/p>\n<p>Nobody studies the music business.\u00c2\u00a0 It&#8217;s not something you can learn in <br \/>school.\u00c2\u00a0 But, if you&#8217;re new to the game and you want to know how it&#8217;s done pay <br \/>attention to Coran.\u00c2\u00a0 He&#8217;s got money, power and credibility.\u00c2\u00a0 Everything you want.<\/p>\n<p \/>\n<p><strong>4. Jimmy Iovine<\/strong><\/p>\n<p>Jimmy played it the opposite of Coran.\u00c2\u00a0 He started out on the outside, but <br \/>needed to be IN!<\/p>\n<p>A psychiatrist could do an amazing workup.\u00c2\u00a0 Jimmy NEEDS the money.\u00c2\u00a0 He NEEDS <br \/>the power.\u00c2\u00a0 He NEEDS to be at the center of every deal.\u00c2\u00a0 And this incredible <br \/>desire with a ton of street smarts results in the power Jimmy possesses.<\/p>\n<p>I don&#8217;t know if Jimmy is truly artist-friendly, but having spent all those <br \/>hours in the studio he certainly understands artists.\u00c2\u00a0 He can speak their <br \/>language.\u00c2\u00a0 And this counts.\u00c2\u00a0 Believe me, when you take a real artist out to Arnie <br \/>Morton&#8217;s in a limo talking about making him a star he thinks you&#8217;re a jerk and <br \/>doesn&#8217;t trust you at all, whereas when Jimmy speaks, creative people listen.<\/p>\n<p>Jimmy can win any bidding war.\u00c2\u00a0 And for a man who&#8217;s sucking at the corporate <br \/>tit he gives the impression he&#8217;s for the artist first.\u00c2\u00a0 An amazing dance.\u00c2\u00a0 <br \/>Then again, artists were never known for their sophistication.\u00c2\u00a0 And, at this <br \/>point, Jimmy, Zach and Doug essentially OWN Universal, since everybody at the <br \/>parent company is clueless when it comes to music.\u00c2\u00a0 Then again, they don&#8217;t want <br \/>stock, they just want cash, and they get it.<\/p>\n<p>And freedom.\u00c2\u00a0 Jimmy doesn&#8217;t even have to give the company 100% of his time.<\/p>\n<p>But really, it&#8217;s the web of relationships and the resulting favors and pure <br \/>desire that make it all work.\u00c2\u00a0 Jimmy took an almost stiff Gwen Stefani album <br \/>and made it a hit.\u00c2\u00a0 That&#8217;s what Jimmy does.\u00c2\u00a0 He believes in success.\u00c2\u00a0 He doesn&#8217;t <br \/>need to be the guy on the cover of the magazine but he needs you to know HE&#8217;S <br \/>THE GUY!<\/p>\n<p \/>\n<p><strong>5. Michael Rapino<\/strong><\/p>\n<p>This ain&#8217;t your father&#8217;s Clear Channel.\u00c2\u00a0 Not even the Mays family Clear <br \/>Channel anymore.\u00c2\u00a0 Actually, isn&#8217;t it SPINCO?<\/p>\n<p>My only problem with Rapino is he takes it too seriously.\u00c2\u00a0 As if he BIRTHED <br \/>the concert business.\u00c2\u00a0 Hey Michael, you&#8217;re just a MANAGER!<\/p>\n<p>But what a manager he is.<\/p>\n<p>If you&#8217;re not a winner, if you don&#8217;t produce, if you don&#8217;t want to be held <br \/>accountable, don&#8217;t work for Clear Channel.\u00c2\u00a0 Or, as some employees put it, FEAR <br \/>CHANNEL!<\/p>\n<p>But, Rapino had to shake the company up.\u00c2\u00a0 It was dysfunctional.<\/p>\n<p>There&#8217;s no question who the boss is now.\u00c2\u00a0 And the boss wants progress.<\/p>\n<p>I&#8217;m sick and tired of hearing him tell me how he&#8217;s trying, just like he&#8217;s <br \/>sick and tired of hearing me beat up what&#8217;s wrong with his enterprise and the <br \/>concert business at large, but he IS trying!<\/p>\n<p>It&#8217;s Rapino who&#8217;s for change.\u00c2\u00a0 He&#8217;s the one who wants to bring guarantees <br \/>down.\u00c2\u00a0 AEG is just the new boss, same as the old boss.\u00c2\u00a0 But with less debt and no <br \/>shed stranglehold.<\/p>\n<p>As we march forward, the road is becoming more important.\u00c2\u00a0 MTV plays no <br \/>music.\u00c2\u00a0 Terrestrial radio plays almost no music.\u00c2\u00a0 Both are dishonest outlets that <br \/>can&#8217;t be trusted.\u00c2\u00a0 Whereas live music is SOLELY about trust.\u00c2\u00a0 A bond between <br \/>performer and fan.<\/p>\n<p>It&#8217;s gonna start small.\u00c2\u00a0 In clubs.<\/p>\n<p>It&#8217;s gonna be about customer service, respecting the patron.<\/p>\n<p>Rapino cares about all this.\u00c2\u00a0 He wants better food.\u00c2\u00a0 He wants lower <br \/>TicketMaster fees.\u00c2\u00a0 He&#8217;s tried to bring down ticket prices.<\/p>\n<p>We haven&#8217;t seen the end of this movie, but you&#8217;ve got to root for this guy.\u00c2\u00a0 <br \/>He&#8217;s just not another old guard player looking for the day his retirement <br \/>package kicks in.<\/p>\n<p \/>\n<p><strong>6. Q Prime\/Front Line<\/strong><\/p>\n<p>They hate each other but they&#8217;re the two management powerhouses.\u00c2\u00a0 All the <br \/>eyes on Kwatinetz are looking in the wrong direction.\u00c2\u00a0 The Firm is Sanctuary lite.<\/p>\n<p>Back in the day the manager was king.\u00c2\u00a0 Then, in the nineties, the LABEL <br \/>became the manager.\u00c2\u00a0 And all the middle level managers went to work for the label!\u00c2\u00a0 <br \/>Don&#8217;t forget where Will Botwin came from.\u00c2\u00a0 And Danny Goldberg had the best <br \/>non-metal roster in the business but jumped ship to work for the man.<\/p>\n<p>But Cliff and Peter and Irving stayed on the sidelines.\u00c2\u00a0 Because, if you know <br \/>these guys, they can&#8217;t work for anybody else.\u00c2\u00a0 They&#8217;re independent <br \/>entrepreneurs.<\/p>\n<p>Irving specializes in getting money from other people.\u00c2\u00a0 That&#8217;s why it didn&#8217;t <br \/>work when he had his own label.\u00c2\u00a0 He couldn&#8217;t argue and sue HIMSELF!\u00c2\u00a0 But, <br \/>underneath the zealous tactics is a guy who just wants to hang and be your friend. <br \/>\u00c2\u00a0Irving talks to everybody, not only the powerful people.\u00c2\u00a0 And that&#8217;s how he <br \/>stays on top.<\/p>\n<p>As to whether his new Front Line ends up ruling the earth&#8230;we&#8217;ll see.<\/p>\n<p>But I like the strategy.\u00c2\u00a0 Irving was telling me how a label wanted a piece of <br \/>one of his artist&#8217;s VOICE TONES!\u00c2\u00a0 Yup, this artist&#8217;s VOICE was being used as <br \/>a cell phone ring, NOT the music!\u00c2\u00a0 The corporation said it was their COMPANY <br \/>POLICY!\u00c2\u00a0 After acquiring assets Irving now wants to tell these motherfuckers <br \/>it&#8217;s HIS corporate policy not to give up a piece of this action, never mind <br \/>slices of a million other bits.<\/p>\n<p>And now Irving&#8217;s back together with accountant extraordinaire Howard Kaufman. <br \/>\u00c2\u00a0I think Howard burns out acts.\u00c2\u00a0 He&#8217;s much more interested in the now than <br \/>the future.\u00c2\u00a0 But, if you want to go on the road and clean up TODAY, he&#8217;s your <br \/>man.\u00c2\u00a0 God, they might as well build him an office at Clear Channel, that&#8217;s how <br \/>much control he&#8217;s got.<\/p>\n<p>Cliff and Peter are different.\u00c2\u00a0 Cliff&#8217;s an intellectual.\u00c2\u00a0 If you want <br \/>strategy, Q Prime is the place to be.\u00c2\u00a0 If you want someone to argue it out with you, <br \/>Q Prime is the place to be.\u00c2\u00a0 Unlike Howard, Q Prime is ONLY interested in the <br \/>career.\u00c2\u00a0 Every move is part of a giant puzzle, made to sustain the act&#8217;s <br \/>career.\u00c2\u00a0 And their three biggest acts, Metallica, Shania Twain and the Red Hot <br \/>Chili Peppers, are the biggest acts in their respective genres.<\/p>\n<p>If you want to be with an insider, go with Irving.\u00c2\u00a0 He plays the game, albeit <br \/>by his own rules.<\/p>\n<p>If you want to be aligned with a renegade, who has no allegiance to a <br \/>corporation and is just as outside as you are, go with Q Prime.<\/p>\n<p>Or, maybe you can find one of those one act managers.\u00c2\u00a0 Bruce Allen actually <br \/>has more than one charge, but he treats every one like they&#8217;re the only one.\u00c2\u00a0 <br \/>Bruce CARES, and fights with the best.\u00c2\u00a0 And don&#8217;t think Sheryl Crow would be <br \/>better off with anyone other than Scooter Weintraub.<\/p>\n<p>Managers are gaining power every day.\u00c2\u00a0 As the major label monolith erodes.\u00c2\u00a0 <br \/>These are the guys who count.<\/p>\n<p \/>\n<p><strong>7. Pitchforkmedia, et al<\/strong><\/p>\n<p>Only a broad stroke old fogey like Clive Davis plays to mainstream media <br \/>anymore.\u00c2\u00a0 Whether it be TV OR the press.\u00c2\u00a0 The new players, the twentysomethings, <br \/>they know the old game is dead.\u00c2\u00a0 It&#8217;s no longer about hype, rather it&#8217;s about <br \/>credibility.\u00c2\u00a0 It&#8217;s not about paying people off to SAY they believe but finding <br \/>people who REALLY DO!<\/p>\n<p>Pitchfork is as powerful as &quot;Rolling Stone&quot; was in the sixties.<\/p>\n<p>In the seventies &quot;Rolling Stone&quot; gained its preeminent, market-dominating <br \/>position.\u00c2\u00a0 It became the anointed bible.\u00c2\u00a0 Will pitchforkmedia play this role?<\/p>\n<p>Unclear.<\/p>\n<p>But we DO know that the next step, the next battlefield, is FILTERS!\u00c2\u00a0 Places <br \/>on the Web that weed through all the information and tell you what&#8217;s good.\u00c2\u00a0 <br \/>Like Google.\u00c2\u00a0 Search used to be almost unusable, you could never find what you <br \/>were looking for.\u00c2\u00a0 Now you EXPECT to find what you&#8217;re looking for.<\/p>\n<p>But Google is dumb.\u00c2\u00a0 Software ain&#8217;t gonna be the new filter, people are.\u00c2\u00a0 <br \/>People you don&#8217;t know the name of yet.\u00c2\u00a0 Who don&#8217;t do it for the paycheck, but the <br \/>music.\u00c2\u00a0 People web surfers can TRUST!<\/p>\n<p>And, you won&#8217;t have to buy the CD for fifteen bucks to find out if they&#8217;re <br \/>right, you&#8217;ll just download the tracks.\u00c2\u00a0 Only keeping them if you like them.\u00c2\u00a0 <br \/>You can tell me this ain&#8217;t the way it&#8217;s going to be, but I&#8217;m going to tell you <br \/>THIS IS THE WAY IT ALREADY IS!\u00c2\u00a0 You can send a track via e-mail, never mind <br \/>classic P2P.\u00c2\u00a0 And there&#8217;s no copy protection that can&#8217;t be broken.<\/p>\n<p \/>\n<p><strong>8. Yahoo\/AOL<\/strong><\/p>\n<p>They&#8217;re both disasters.\u00c2\u00a0 Terry Semel thinks the Web is like TV, he hired a <br \/>bunch of old wave execs who are going to put an audacious dent in the portal&#8217;s <br \/>bottom line.\u00c2\u00a0 The web isn&#8217;t about shows, but INFORMATION!\u00c2\u00a0 And right now, Yahoo <br \/>has the best music information.\u00c2\u00a0 And, a full slate of music videos.<\/p>\n<p>AOL&#8217;s got the opposite problem.\u00c2\u00a0 It was never hip.\u00c2\u00a0 Its glory days are behind <br \/>it.\u00c2\u00a0 But maybe that makes the company work harder, take bigger chances.\u00c2\u00a0 <br \/>AOL&#8217;s now a portal.\u00c2\u00a0 Their music services are free.\u00c2\u00a0 They simulcast Live 8 and <br \/>proved the viability of a medium most people thought was destined to never take <br \/>hold.\u00c2\u00a0 The WEBCAST!<\/p>\n<p>Major labels are all about restrictions.\u00c2\u00a0 The Internet is about casting those <br \/>restrictions aside.\u00c2\u00a0 You want to make MORE available, at a LOWER COST!\u00c2\u00a0 Sure, <br \/>charge Yahoo and AOL for your content, they ARE building businesses on your <br \/>back, but don&#8217;t charge the customer.\u00c2\u00a0 Especially not when you&#8217;re trying to turn <br \/>them on to something.<\/p>\n<p>If Yahoo and AOL were smart, they&#8217;d make their sites more hip.\u00c2\u00a0 You don&#8217;t <br \/>have to worry about scaring off the casual user, everybody WANTS to be hip.<\/p>\n<p>But hip is about all that MTV.com has got.\u00c2\u00a0 The site doesn&#8217;t run fast.\u00c2\u00a0 It&#8217;s <br \/>got the faux-community of the TV channel.\u00c2\u00a0 It&#8217;s got no soul, no earthiness, <br \/>it&#8217;s not where music lives, but where people who employ music as grease, who <br \/>don&#8217;t LIVE for it, go.<\/p>\n<p>Rollingstone.com could have ruled, but they blew it long ago.<\/p>\n<p>First comes information, then comes community.\u00c2\u00a0 Actually, community is <br \/>completely secondary at music portals like Yahoo and AOL.\u00c2\u00a0 Community&#8217;s for MySpace.\u00c2\u00a0 The twain don&#8217;t meet.\u00c2\u00a0 You don&#8217;t hang out and talk at the library.\u00c2\u00a0 You don&#8217;t read at the club.<\/p>\n<p>Acts might break at MySpace, but that&#8217;s not what Yahoo and AOL are about.\u00c2\u00a0 <br \/>They&#8217;re not breaking acts, they&#8217;re tools, like craigslist.org, where you can go <br \/>to FIND OUT THINGS!\u00c2\u00a0 Once they start trying to break acts, they lose their <br \/>non-soul.\u00c2\u00a0 Like AOL&#8217;s Warner Music reality show.\u00c2\u00a0 God, didn&#8217;t anybody at AOL ever <br \/>see Zeppelin, never mind the DEAD?<\/p>\n<p>I know, it sounds murky.\u00c2\u00a0 Not completely defined.<\/p>\n<p>But that&#8217;s the web.\u00c2\u00a0 A place where you can blow all your money trying to be <br \/>the next big thing.\u00c2\u00a0 But, one thing for sure we know is that SOMEWHERE on the <br \/>web will be the next big thing, rolling in dough.<\/p>\n<p>And never forget, music video isn&#8217;t dead, it&#8217;s just moved to the web.\u00c2\u00a0 Every <br \/>act should have a video.\u00c2\u00a0 An inexpensive PERFORMANCE video.\u00c2\u00a0 It&#8217;s about <br \/>familiarizing yourself with the act, not being DAZZLED!\u00c2\u00a0 Hell, the screen is small, <br \/>the resolution is bad, but the sound&#8230;the sound remains.<\/p>\n<p \/>\n<p><strong>9. Roger Ames<\/strong><\/p>\n<p>Doug Morris with fewer years and less of a need for the glory.<\/p>\n<p>Roger&#8217;s a weird combination.\u00c2\u00a0 He knows the music, he LOVES the music, and he <br \/>knows the money.\u00c2\u00a0 There&#8217;s not a single man working at a major label with this <br \/>exact combination.<\/p>\n<p>Warner and EMI are going to merge.\u00c2\u00a0 And EMI is going to come out the winner.\u00c2\u00a0 <br \/>Lyor will be history instantly.\u00c2\u00a0 As will Edgar Bronfman, Jr.\u00c2\u00a0 Hell, he lost <br \/>control of a major label group once already.<\/p>\n<p>And this leaves Levy, Munns and Ames in charge.<\/p>\n<p>Levy knows no tech.\u00c2\u00a0 Munns specializes in marketing.\u00c2\u00a0 Ames, the man you <br \/>rarely hear about anymore, he knows it all.<\/p>\n<p>A different man would have sat on the sidelines, living off his millions.\u00c2\u00a0 Or <br \/>gone into business for himself, LOSING his millions.\u00c2\u00a0 But Roger jumped back <br \/>in.\u00c2\u00a0 He needs the action.\u00c2\u00a0 He&#8217;s the one to watch.<\/p>\n<p \/>\n<p><strong>10. Hugh Panero<\/strong><\/p>\n<p>Mel Karmazin gets all the ink, but Hugh&#8217;s the man.<\/p>\n<p>Irrelevant of Stern, XM has the head start.\u00c2\u00a0 And has systems in place to <br \/>maintain their lead.<\/p>\n<p>Will satellite ultimately rule?<\/p>\n<p>I&#8217;m not guaranteeing it will.\u00c2\u00a0 But people need to listen to SOMETHING in <br \/>their cars.\u00c2\u00a0 And terrestrial radio is UNLISTENABLE!\u00c2\u00a0 Even its one star, talk, has <br \/>way too many commercials.\u00c2\u00a0 While you hear Mel going on and on about ads has <br \/>Hugh been talking up spots?\u00c2\u00a0 No!\u00c2\u00a0 Because they&#8217;re a TURN-OFF!<\/p>\n<p>XM is the future.\u00c2\u00a0 XM is narrowcasting.\u00c2\u00a0 A channel for every taste.\u00c2\u00a0 Hell, <br \/>I&#8217;ve had the service for YEARS and I&#8217;ve barely dented it.<\/p>\n<p>The old days of growing a superstar that everybody knows are ALREADY done.\u00c2\u00a0 <br \/>Just look at the sales chart.\u00c2\u00a0 The days of the diamond seller are history.\u00c2\u00a0 <br \/>God, multiplatinum is rare!<\/p>\n<p>It&#8217;s like cable TV.\u00c2\u00a0 The future is about choice.\u00c2\u00a0 He who provides said choice <br \/>wins.\u00c2\u00a0 By cutting rosters and employees the major labels are shooting <br \/>themselves in the foot.\u00c2\u00a0 Unless you&#8217;re servicing everybody, you&#8217;re losing market <br \/>share.\u00c2\u00a0 The future is about selling FEWER copies of a VAST QUANTITY of music.<\/p>\n<p>It&#8217;s all about the factory installs.\u00c2\u00a0 That&#8217;s why Internet radio has its hand <br \/>tied behind its back in the auto world.\u00c2\u00a0 Satellite is JUST making inroads.\u00c2\u00a0 In <br \/>the near future EVERY car will be satellite-ready, and THEN you&#8217;ll see major <br \/>labels tearing their hair out, saying they can&#8217;t get enough SPINS to make it <br \/>worth their while!<\/p>\n<p>Meanwhile, the indies, purveyors of niche product, will use specific channels <br \/>to gain a foothold in the marketplace, which they will grow.\u00c2\u00a0 It will be like <br \/>the sixties all over again.\u00c2\u00a0 With bands playing theatres every night of the <br \/>week.<\/p>\n<p>And this will be good.<\/p>\n<p>The end is not coming, the future is gonna be great.\u00c2\u00a0 Music will be a <br \/>laughable second-rate cousin to movies and TV no more.\u00c2\u00a0 Music&#8217;s gonna RULE!<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>1. Steve Jobs It&#8217;s kind of like the Beatles, the best is the BIGGEST! Oh, there were people who hated the Beatles.\u00c2\u00a0 Then again, these detractors had the Stones.\u00c2\u00a0 So far, a Stones hasn&#8217;t appeared in the world of digital music. \u00c2\u00a0Probably because the rest of the marketplace doesn&#8217;t seem to understand.\u00c2\u00a0 It&#8217;s all about [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-168","post","type-post","status-publish","format-standard","hentry","category-music-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p96vPs-2I","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts\/168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/comments?post=168"}],"version-history":[{"count":0,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts\/168\/revisions"}],"wp:attachment":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/media?parent=168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/categories?post=168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/tags?post=168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}