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Strategies for a discontinuous future.












Monday, April 24, 2006
 


The Unrelenting Evil of Media 1.0

"...Mr. Bandier said he was not musically inclined as a child, although his dream was to grow up to be a member of the Temptations.

"That didn't work out," he said. "But it doesn't matter now because I own all of their stuff."


Says the CEO of EMI.

I made the point a few years back that commons(es) were emerging as a kind of adaptive payback from consumers - that file sharing was more about insurance than about theft.

That equation holds true pretty much across media industries; for too long, they've overinvested in marketing, underinvested in production, and focused on "product" and "content" instead of art, quality, and authenticity.

Ultimately, the real problem is that beancounters and dealmakers run the industry - when it should be people with some modicum of creative experience.

I can think of no better quote I've read in the last few years that sums this up so nicely, and traces back the ultimate cause of just why consumers are so fed up with media.

-- umair // 12:54 PM //


Comments:

You missed the other awful part of that comment- the part where the CEO confuses the fact that EMI owns the rights to the Temptations, not the CEO of EMI.

It's this kind of thinking at the CEO level which is very, very dangerous.
// Gen Kanai // 4:03 PM
 

Hey Gen,

You're exactly right - very good (very Cheney) point.
// umair // 9:25 PM
 

Unfortuantely with senior roles in the media industry (and most others), an MBA is revered more highly than creative talent. I'm not saying MBA's don’t have creativity, you may ;-), but basing a hiring decision purely on which school someone went to will not guarantee the creation of beautiful things.

It's a glass ceiling that can only be shattered by affirmitive action by the consumers. Demand authenticity...
// El Gordo // 3:14 PM
 
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