“If we can have a legal YouTube, we can have a legal P2P service” says music industry analyst Bob Lefsetz author of The Lefsetz Letter in a right-on target rant about what the “GooTube” means to for the music business.
Announced just prior to Google’s acquisition plans for the online video sharing service, Industry observers like Lefsetz see Universal’s deal with YouTube (which he credits to the much ridiculed Canadian businessman and vise-president of Vivendi Edgar Bronfman Jr), as a hopeful sign of intelligence from within the boardrooms of the copyright holders who destroyed Napster already a half decade ago.
“Credit Edgar Bronfman, Jr. He SHAMED Doug Morris into making a deal with YouTube…
Having lost so much of his family’s fortune in the Vivendi fiasco, giving up control of his operation to a charlatan, Edgar is now taking his own counsel, calling the shots instead of listening to the usual suspects.
Wall Street knows what the four major label groups don’t. That their business model is broken.
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