Monday, September 27, 2004
First *record label* enters on-line music biz
IHT: Virgin selling music via Net
Clayton Christensen never said that The Disrupted would never get it. He just said that they wouldn't lead the market. True to form, Apple -- the non-record-label Apple -- had the first successful offering. Then Real, AOL and a host of followers, none of them recordcos.
Now, enter Virgin's Branson, a bloke who still knows how to spell "entrepreneur." Bully for him!
Re-UPDATE: Benjamin Kowarsch writes:
Clayton Christensen never said that The Disrupted would never get it. He just said that they wouldn't lead the market. True to form, Apple -- the non-record-label Apple -- had the first successful offering. Then Real, AOL and a host of followers, none of them recordcos.
Now, enter Virgin's Branson, a bloke who still knows how to spell "entrepreneur." Bully for him!
Re-UPDATE: Benjamin Kowarsch writes:
I hate to disappoint you but Richard Branson sold the record label business to EMI a long long time ago. At the time it was the last of the big independents throwing the towel and Branson maintains that it was a very tough decision for him but that he needed the money to fulfil his dream of Virgin Atlantic Airways . . . Branson sold the record *label* business to EMI but if I am not mistaken he kept the Virgin Record *retail* business and the Virgin that is now offering online music is what's left of his record business, still in his hands, but it ain't a record label anymore . . . the news that a record label has now entered the online music business would be wrong.
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