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A comment on Record labels dig their own grave, and the shovel is called TikTok. Parent comment

Re:Record labels dig their own grave, and the shovel is call... by BVCommander on Friday June 03, 2022 @08:41AM (#31607429)
What he said in the interview was that back in the day the criminals that ran the industry actually liked music.

Now it's owned by Chinese technology companies, hedge funds, and regional telephone monopoly conglomerates and run by musically deaf accountants that only care about next quarters numbers.

[ Parent | on HN ]
Re:Record labels dig their own grave, and the shovel is call... by AlbertCory on Friday June 03, 2022 @02:57PM (#31612262)
Yep. Or more accurately, Ted said that at least everyone in the "value chain" made more money if people listened to more music.

Unlike Spotify, where the ideal customer subscribes but never listens.

[ Parent | on HN ]