The labels want to feel like they have some power and influence. They're losing the control they once had.
More Quotes from Phil Leigh:
It's certainly not good news for Sony because sales are already declining across the industry.Phil Leigh
If the Beatles did come on board, I'd imagine you'd see a lot of publicity. It would have the effect of pressing down the accelerator a bit in the online music business.
Phil Leigh
I think whoever came up with this idea understands the online music industry about as well as a cow understands algebra,
Phil Leigh
Their world is an analog world it isn't digital. Electronic media of the future is clearly going to be digital. So you need to have digital in your DNA.
Phil Leigh
Are investors' reactions misguided Not necessarily, although seeing the logic in the investment requires a dash of late-'90s faith. Online music is a gold rush, ... It's obvious the gold is in the hills, and everyone's going to rush in to stake their claim.
Phil Leigh
It's certainly time to do field trials and see what happens. Ten years from now mobile TV will be more common. People will be watching it at restaurants, sports bars, subways, buses, airports. But it will probably be 20 years before it's mainstream.
Phil Leigh
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