Happy that whiskey-money scion(Seagrams) and current head of Warner Music Edgar Bronfman chose to admit the obvious:
"We used to fool ourselves,' he said. "We used to think our content was perfect just exactly as it was. We expected our business would remain blissfully unaffected even as the world of interactivity, constant connection and file sharing was exploding. And of course we were wrong. How were we wrong? By standing still or moving at a glacial pace, we inadvertently went to war with consumers by denying them what they wanted and could otherwise find and as a result of course, consumers won."
This taken from speech at a conference in Macao. Maybe we can hook him up to subscription of the Lefsetz Report? Now the big question is-what are you going to do about it Ed? Just askin? Thanks to Adam for link.
