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December 03, 2008

Seymour Stein on the state of the major labels... 'We blew it'...

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Seymour Stein, VP at Warner Music Group and founder of Sire Records, as quoted by the Globe and Mail:

“We blew it. The first major music labels were all phonograph manufacturers, but by the time the Beatles came along, most companies were no longer involved in the hardware. Had we remained in control of the hardware, we wouldn’t be hurting as much as we are now. And the iPod would be ours.”

This is a joke, right? I get his attempt at logic, but the argument is not only quite a stretch, it is a sad combination of wishful thinking and Monday morning quarterbacking.

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#1 wheatus says:

He should have said what he really meant: That clueless baby boomer middle man turds who don't know shit about music could have maintained their stranglehold for a few more decades had they done their jobs well enough to prevent outsourced manufacturing in the first place.

He's right. It would have, until 1995 anyway...but that's QUITE irrelevant now. Home recording software would have made this statement ridiculous in any case, but fossils like Stein don't know what Pro Tools and Logic are. When are these old people gonna go away and let those who know music rebuild the business logically?

Death to the old industry NOW!


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