Sometime in the next twelve to eighteen months CD sales are going to decline so precipitously as to cause the major labels to rethink their digital strategy. With the iTunes Store no replacement for discs, they’ll be forced to authorize a new method of distribution, just to maintain their bottom lines.
His thoughts are generally aimed at professional producers and A&R folks, but as the industry adapts its business model to accomodate the Internet and iPods, independent producers and artists become increasingly important. If your interest in recording is more than a hobby, knowledge about the business (even in the form of expert prognositcation) is crucial.
And David Geffen, apparantly, is done.