Fortune: The Music Men Are Out Of Tune. “We gave content for free to radio, free to MTV,” grumbles Jay Samit, senior vice president for new media at EMI Recorded Music. “We’re not going to do that again.”
Translation: If at all possible, we will never again let anyone else into any aspect of the music business. We will own everything.
The amazing part is that an industry executive would say something like this out loud. Then again, the entertainment industry’s institutional arrogance is beyond the pale.