Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: eims2000 who wrote (53669)	3/25/2000 6:37:00 PM
From: peter michaelson	Read Replies (1) of 122087

Bob: Another side effect, musicians do not produce songs because there is no money in it, because people are copying them illegally. Bob, I have musicians working for me for $10 per hour on a construction site. That's what they do for money. They don't make money doing music, nor is that what motivates them, in general. Hell, if it was only money motivating Tony, I doubt he'd have the site. One thing I look forward to is eliminating much of the overhead in books and records. The content can be digitized - as opposed to take-out from a Chinese restaurant - and we don't need physical manufacture and distribution, which was the original need that publishing filled, along with editing and marketing. Seems like the artists could get the same money - about $1 per CD - and the customers could pay about $2 per CD. I feel the same way about that electronic book company we shorted a while back - it is the future because it's the useful technology. Exactly who will emerge predominant and how remains to be seen, but publishers in general may decline in importance. Peter

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