Commerce

The realistic threat to Record Labels

Business is a funny thing one week you can be on the top of the world the next you are facing a crisis that can destroy business as you know it. All of us that work understand the importance of being able to predict change in the economy and to be flexible enough to adapt and overcome.

Well the recording industries choice in adapting to a changing economy has been to litigate and barrage the primary consumers that they will rely on for income. A letter to the Editor on Cnet hits the nail on the head. It’s funny that most of us that are outside the recording industry understand the reality of the situation better than the recording industry is willing to reveal. So instead they hide and pray there business model will not be destroyed by technology [Cnet]