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"I had a surprisingly candid lunch conversation last week with a big music label executive, and a good part of our talk focused on the future of music. I asked the usual question: Why are you guys so damned clueless?
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"By 2013 (maybe as early as 2011) it'll make sense for the labels to finally reorganize their business models around the reality created by the Internet and person to person file sharing services. No longer will the labels be tied to revenue limited to sales of master recordings
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"But until then, he says, the spreadsheets and financial models dictate that suing customers and partners just makes too much sense."
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