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October 16, 2006

gootube_bronfman.jpg

"If we can have a legal YouTube, we can have a legal P2P service" says music industry analyst Bob Lefsetz author of The Lefsetz Letter in a right-on target rant about what the "GooTube" means to for the music business.

Announced just prior to Google's acquisition plans for the online video sharing service, Industry observers like Lefsetz see Universal's deal with YouTube (which he credits to the much ridiculed Canadian businessman and vise-president of Vivendi Edgar Bronfman Jr), as a hopeful sign of intelligence from within the boardrooms of the copyright holders who destroyed Napster already a half decade ago.

"Credit Edgar Bronfman, Jr. He SHAMED Doug Morris into making a deal with YouTube...

Having lost so much of his family’s fortune in the Vivendi fiasco, giving up control of his operation to a charlatan, Edgar is now taking his own counsel, calling the shots instead of listening to the usual suspects.

Wall Street knows what the four major label groups don’t. That their business model is broken.

Now’s the time for the labels to do a 180. Just like they’ve done with YouTube. And make their wares available.

It’s the INDUSTRY’S move. SOMEONE has got to open the gates. And feed those iPods. It’s happening already, just illegally....

It’s time to square business policy with reality.

Stop the insanity and give the people what they want. A ton of unprotected MP3s at a low price."

LINK

Originally posted by mtuters from USC IMD:, remediated by yatta on Oct 16, 2006 at 11:30 AM


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