 RAIN 8/27: Analyst warns investors away from "long-term loser" music industry ·Aug 27, 11:15 AM MUSIC INDUSTRY “SHOULD STRIKE INVESTORS AS A LONG-TERM LOSER,” SAYS MOTLEY FOOL ANALYST: “As an investor, I do all I can to avoid companies that refuse to evolve,” writes analyst Alyce Lomax in The Motley Fool LABELS’ ONLINE GRIP FURTHER SLIPS WITH LAUNCH OF MUXTAPE CLONE: In the wake of Pandora’s doomsday announcement (RAIN coverage here), some analysts SAN FRAN AREA HAPPY TONIGHT TO BENEFIT NET RADIO EFFORTS: Guardian’s Hellraiser Happy Hour event tonight will in-part benefit Save Net Radio as part of their support for worthy non-profits. The party is from 6 until 8:30PM at El Rio (3158 Mission Street). More information on the event can be found here. HD IN SATELLITE RECEIVERS? YOU DECIDE: The FCC share: del.icio.us.  Reddit  Digg  Yahoo  Wink  Windows  Google  Newsvine 
CommentCommenting is closed for this article.  Other stories RAIN has upgraded (and moved)! RAIN 9/13: RAIN Summit Chicago takes place today! RAIN 9/12: First Summit in RAIN's hometown takes place tomorrow RAIN 9/9: Summer holidays, "doldrums" impact July Webcast Metrics, but audience up over last year RAIN 9/8: Clear Channel launches new customizable iHeartRadio beta; RAIN goes hands-on RAIN 9/7: Meet more speakers you'll hear at RAIN Summit Chicago in less than a week RAIN 9/6: Clear Channel taps The Echo Nest to take on Pandora RAIN 9/2: RAIN reviews Spotify's radio-like product Artist Radio RAIN 9/1: UK online radio aggregator Radioplayer campaigns b'dcasters to create "all radio" ratings RAIN 8/31: Execs from Merlin, Triton Digital, jacAPPS and more to appear at RAIN Summit Chicago |
, “I think the media industry fits that niche.” By attacking webcasters like Pandora (services that provide “exactly what many music lovers want”), SoundExchange and record labels are hampering innovation, argues Lomax. By reacting in this way, the music industry has become undesirable. “Their draconian reactions to music’s continuing evolution make them great examples of the types of companies and industries I avoid…Any company or industry that can perceive massive opportunity as a threat should strike investors as a long-term loser.” Read Lomax’ full article 
predicted that if legitimate Internet radio sites were destroyed, a melee of illegal webcasters would arise with no intention of ever paying royalties. Support for that notion may be found in OpenTape, an open-source clone of Muxtape — an on-demand music mixtape site which was recently shut down by the 
will be asking the public if HD radio receivers should be included in satellite radio devices. “We seek comment on what impact including [a satellite] chip and technology 
in an HD Radio receiver would have on the size, weight, battery life and other parameters of an HD Radio receiver,” writes the 
This situation is a prime example of a group of business people (major labels) who simply do not have the talent to capitalize on a new technological age.
Corporate re-engineers’ and change-manager’s biggest obstacles are middle managers who actually undermine innovation and new process development, simply because mid-managers can see the end of their place in the new model. Instead of doing the hard work of re-positioning and re-educating themselves within the core of the new models, they typically trip-up those new change programs in efforts to retain their paychecks for as long as possible, costing companies untold millions and years of implementation delays.
This is now happening on an industry level, with major music labels acting like middle managers of a 1990s telecom company. Even though life as they know it is doomed, they still fight with myopic mindlessness in ways that only make their inevitable demise permanent.
Bill Wilkins, CEO
Melted Metal Web Radio
http://www.meltedmetal.com/scorch/save-net-radio/
— Melted Metal Web Radio · Aug 27, 12:31 PM · #