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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST
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To: chris431 who wrote (2295)2/10/1999 5:58:00 AM
From: Savant   of 18366
 
"The music industry is the quintessential illustration of the middleman. For a artist to get their music into the local Tower Records requires passing through many layers - each layer taking a slice of the revenue. This is why LESS than a buck on average of that $16 CD makes it back to the artist. A July 1996 special issue of Guitar World profiled a hypothetical band which sold 500,000 copies of an album. Their cut was $78,900 or less than $.16 cents per CD. "

"Understandably, established music companies want to avoid the pain of adopting new commercial models which may displace some of their existing business. However, the Internet is demonstrating its power to force change on even the most entrenched industries. Digital distribution is inevitable, the net will see to that. Embracing it today would open the doors sooner to new types of products delivered much more cost efficiently and provide music lovers with true alternatives where there are none today"

mp3.com
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