War against web tops music industry 'F-UP' list
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- woodywoodbeck
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The talent scout who turned down the Beatles has long been credited with committing the music industry's biggest gaffe.
But Dick Rowe's billion-dollar boo-boo has been beaten to the top spot on Blender magazine's list of the "20 biggest record company screw-ups of all time" by the failure of record companies to capitalize on the Internet.
The major labels took top dishonors for driving file-sharing service Napster out of business in 2001, instead of figuring out a way to make money from its tens of millions of users. The downloaders merely scattered to hundreds of other sites, and the industry has been in a tailspin ever since.
But Dick Rowe's billion-dollar boo-boo has been beaten to the top spot on Blender magazine's list of the "20 biggest record company screw-ups of all time" by the failure of record companies to capitalize on the Internet.
The major labels took top dishonors for driving file-sharing service Napster out of business in 2001, instead of figuring out a way to make money from its tens of millions of users. The downloaders merely scattered to hundreds of other sites, and the industry has been in a tailspin ever since.
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- groups:
- Entertainment, Music
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- tags:
- Entertainment, Music, Web, Lists, 3 more
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VoyagerFilms
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Yes, greed and stupidity are predictable - Busheney. It's all to easy to think you are winning when really you are losing.
Take note all evil and would-be evil doers!
- 4 years ago
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VoyagerFilms
