“CDs are obsolete. If recording-industry execs don’t take note,
they’ll be obsolete soon too. Napster and other peer-to-peer
technologies will allow users to buy, trade, package and pay for
music in ways that will kill the compact disc.”
“If they want to survive, record companies will have to steal
Napster’s benefits, the ones that have drawn 9 million users to the
service almost overnight. Let me run through the benefits and then
I’ll tell you what the new music industry will soon look like, with
or without today’s record companies.”
“The new music industry will see profit instead of peril in
the ease with which digital music can be moved online. … Music
will be cheap. … Music will come with advertising. … Music will
be available any time, anywhere. … Music will be
customized.