No One Likes The Music Labels - Who Cares - says Peter Kafka

Peter is a very sharp writer - read this one: No One Likes The Music Labels. Who Cares? - Silicon Alley Insider.

"The number of UK consumers who said they trusted the industry fell from 47% in 2007 to 31% this year, with confidence disturbed by moves by the music industry to track down and punish illegal music copying, and high-profile scandals in broadcasting....The bigger problem for the music business: There just may not be that many music lovers. Recall that Radiohead, perhaps the world's best-loved tech-savvy band, offered to let their fans pay whatever they'd like for their new album last fall -- and most chose not pay a penny. If that's at all indicative of bigger trends -- and we think it is -- then the music industry's future is clear: A modest, niche business supported by a handful of passionate consumers, and ignored by most others. And no PR agency will be able to fix that..."   

Wow. Here is my comment, below