Seth Godin, blogger/author, has a great piece on the current perils in the music industry. It’s amazing how clearly broken the model is to an outsider, yet insiders still persist on reveling in the past.
From the post:
1. Past performance is no guarantee of future success
single industry changes and, eventually, fades. Just because you made
money doing something a certain way yesterday, there’s no reason to
believe you’ll succeed at it tomorrow.