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Download! : how the Internet transformed the record business

Author: Phil Hardy
Publisher: London : Omnibus Press, ©2012.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
The CD revolution was a bonanza for the record industry. The new digital medium attracted sales in its own right and existing material could now be re-packaged and resold with huge profit margins. Sales grew, but then the pirates moved in, exploiting the medium by making perfect copies.
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Genre/Form: History
Document Type: Book
All Authors / Contributors: Phil Hardy
ISBN: 9781780386140 1780386141
OCLC Number: 805019490
Description: xx, 380 pages ; 24 cm
Contents: The CD boom --
Seeking to monetize intellectual property: the first rise and fall of EMI --
The creation of WMG --
Would you like to dance? EMI and WMG --
Bertelsmann gets itchy feet --
Profit warnings from EMI --
Mostly digital --
A revolution in retailing --
Digital problems galore --
The conglomerates think again about the music business --
The rise and fall of Sony BMG --
WMG, the Bronfman era --
EMI finds independence lonely --
Transforming EMI: the hands era, part one --
Battling Citigroup, the hands era, part two --
Hopes for the future, legislation and new business plans --
Rush to market: the sale of WMG and EMI --
Battling the regulators.
Other Titles: How the Internet transformed the record business
Responsibility: Phil Hardy.

Abstract:

The CD revolution was a bonanza for the record industry. The new digital medium attracted sales in its own right and existing material could now be re-packaged and resold with huge profit margins. Sales grew, but then the pirates moved in, exploiting the medium by making perfect copies.

When the legitimate paid-for download finally arrived courtesy of Apple in 1993, it soon became clear that the Californian company's sole aim was to sell iPods. The fortunes of the content owners were of little interest to them and so the record companies found themselves parting with individual tracks for pennies instead of whole albums for pounds.

Phil Hardy's book explains how, in a few short years, the long-established record industry became an irrelevance as its slow-moving executives were comprehensively outmanoeuvred by a generation of outsiders who fully understood the new technology and the new market it had created.

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