UK Music also said that 68 percent of those surveyed said they listen to music on their computer and on average 14- to 24-year-olds have more than 8000 tracks on their PCs.
Sun Aug 16 13:38:08 PDT 2009
"If they're prepared to work with us if we give them an all-you-can-eat download service, well then, as an industry we may then well have to step up to the plate and try to provide them with that kind of service," Sharkey added.
My college used one of those to prevent file-sharing.
The act of sharing music is copyright infringement, not stealing.
By Sharon Waxman
Is it all over but the shouting??
Leave it to the New York Times to take 5,000 words to give us a small amount of new information about the ailing Weinstein Company, which David Segal (um, who?) does in Sunday’s business section just weeks after one of the paper’s Hollywood correspondents weighed in on the very same subject.
So here is the news, after thousands of words, and six long, long e-pages of preamble, the big reveal, the golden nugget -- Harvey’s mea culpa: “In the end, I realized that I’m not a good C.E.O., I’m not a good manager,” he said.
In addition, Weinstein admitted to failing to focus on the filmmaking at his new company, and concluded: “I thought I could build the company and delegate authority, and that’s where it went wrong.”
Now this is interesting.
Let’s start with Weinstein’s choice of words -- “In the end” -- which certainly makes it sounds like he really believes that it is the end.
And it is instructive to consider that Wall Street may have regarded Weinstein as a traditional CEO or manager before entrusting him with, say, $1.2 billion.
You must be joking.
Harvey and Bob Weinstein are showmen, Barnum and Bailey meet modern day Hollywood.
Segal did have a look at the initial offering for investment in the Weinsteins, and learned that they were predicting $160 million in profits for 2009.
They are clearly nowhere near profit.
“The first eight months of this year have been particularly dreadful for the Weinsteins.
But it is a shame that the Times gave the assignment of the Weinstein’s only on-the-record interview - the one we’ve all been chasing as rumors of the company’s imminent demise have risen to a deafening din – to an inexperienced hand.
Segal was given extraordinary access – he got to sit in on production meetings, and was shown six full films, including ads and – I still find this amazing – rough cuts.
As a result, a great many specific questions go unanswered (and quite possibly unasked):
· Segal does not mention progress in restructuring the Weinstein Company’s finances, which has been the subject of much discussion and the focus of the Miller Buckfire review.
· He does not ask specific questions about whether the company has the money to release the rest of its slate this year, which many nervous folks in Hollywood are worried about.
· We do not learn how far in debt the company is at the moment, how much cash remains nor how much it needs to ride out the slate that Harvey is hoping will save the company.
· Segal got to see six films, but we hear nothing of whether we can expect a rich vein of box office cash out of any of them.
We also learn no specifics at all about the 'self-inflicted wounds' of investing in Halston, the social network A Small World, and the cable network Ovation.
How much was invested?
There are some errors of judgement too; Segal suggests that investors in The Weinstein Company did not consult former Disney CEO Michael Eisner for his opinion.
Here is Segal’s conclusion: “the Weinsteins adopted the methods of old, bloated Hollywood, rather than finding a new way to again outfox the majors…. Harvey has been gravitating to more star-driven vehicles with larger budgets.”
But Harvey doesn’t know how to do it any other way.
In fact, some of those movies have worked for him.
Which is why “Nine” could be his ace in the hole, if it works.
What Weinstein may not know how to do is how to make the math add up.
Long time loyalist Kevin Smith gets the last word; and his rejection of the Weinsteins may say more than any bean-counter’s spread sheet or Grey Lady magnum opus.
“They had impeccable taste when they were hungry,” Smith says.