Streams

Edgar M. Bronfman, Jr., and the Future of the Music Industry

Thursday, July 22, 2010

Fred Goodman discusses what happened when Napster made music available free online, and the music industry found itself turned upside-down and fighting for its life. In Fortune’s Fool: Edgar Bronfman, Jr., Warner Music, and an Industry in Crisis, he looks at Edgar M. Bronfman Jr., who took over the Warner Music Group in 2004, and his mission to create a new kind of record executive and bring the music industry fully into the Internet age.

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Fred Goodman
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Comments [7]

The Music Void

Edgar Bronfman, Jr. got fair a shake in Fred Goodman’s book Fortune’s Fool Edgar Bronfman, Jr., Warner Music, and an Industry in Crisis. But Standard & Poor’s wasn’t able to find a soft spot in their heart for Jr. when they downgraded Warner Music Group stock from “stable” to “negative”. In other words, stay the hell away from this turkey. Well, they didn’t quite say it like that. But that’s the message they sent.

More on this here - http://www.themusicvoid.com/2010/08/wall-street-bitch-slaps-junior/

Aug. 18 2010 11:40 AM
Jeffrey Slott from East Elmhurst, NY

I uploaded on my blog my response to this discussion. It would take up too much room to post all of it here and I don't want to summarize it.
http://pulse.yahoo.com/_R4Q2GGVNUN4MQEFU5ATHTMZLNM/blog/articles/202259?listPage=index

Jul. 23 2010 07:48 AM
Dan from NY

The White Stripes' "Elephant" was NOT recorded in a home studio. It was recorded at Toe Rag Studios in London.

Jul. 22 2010 12:38 PM
Gary

Leonard, please ask your guest about the impact of Pandora and Rhapsody on artists.

Jul. 22 2010 12:31 PM
Mike from Tribeca

Slightly off topic, but an excellent book about the workings of recording studios during the heyday of the record industry is Charles L. Granata's "Sessions with Sinatra: Frank Sinatra and the Art of Recording" (Chicago Review Press 1999). Not just for the Sinatra fan.

Jul. 22 2010 12:29 PM
dboy from nyc

Let's see you do this with an iBook in your basement:

http://www.youtube.com/watch?v=O2WksiotTjw

Jul. 22 2010 12:26 PM
Stuart from New York

The big mistake Bronfman made was in doing due diligence when he purchased PolyGram from Phillips. Phillips sharad a patent on the CD and had done a study in 1991 or so (pre-internet & CD-R) of the value of this patent. The value in PolyGram to Phillips was contained in its monopoly on distribution not the music or copyright. They saw the future - but couldn't figure out an i-tunes model. EB purchased PolyGram at Universal and lost $5Billion in market valuation in one year.

Jul. 22 2010 12:21 PM

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