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February 21, 2008

Bit Player (Jon Healey / LAT) Google saves the music industry??

Another great comment by the LAT's Jon Healey - love his stuff: Bit Player : Los Angeles Times : Google saves the music industry?.

"Of course, Google's search advertising system prints money. So if anybody's capable of creating a successful advertiser-supported music system, Google would be that entity. Beyond that, legitimate music sales in China are minimal, so the labels don't have to worry about cannibalizing revenue streams in that country. Just about anything they get from a partnership with Google would be incremental....What's certain is that as rampant online piracy drives the price of songs to zero, record companies have to find ways to monetize the activity that surrounds the enjoyment of music -- finding, downloading, sharing, etc. Google in China could provide some good clues, but it's just a place to start...."

Nicely said Jon!

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