Seymour Stein, Vice-President at Warner Music Group and founder of Sire Records, from the Globe and Mail (via Coolfer).
“We blew it. The first major music labels were all phonograph manufacturers, but by the time the Beatles came along, most companies were no longer involved in the hardware. Had we remained in control of the hardware, we wouldn’t be hurting as much as we are now. And the iPod would be ours.”
What? The major labels controlling music hardware?
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