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Pete Townsend Speaker at SSW / RE: (TV) (OT) Hey Robin, Austin in the news over here



Pete Townshend kicked off the 21st annual South by Southwest Music and Media
Conference with a remark that neatly summed up the general mood in the
industry.  "Rome," Townshend declared, quoting an unnamed record company
CEO, "is burning."

http://www.boston.com/news/globe/living/articles/2007/03/16/music_insiders_t
ry_to_stay_upbeat_at_south_by_southwest/


"There's a tremendous shift of power in distribution and promotion, the two
pieces the labels have historically controlled," said ReverbNation CEO Mike
Doernberg . "You're going to see a lot fewer super-successful groups and a
lot more viable groups."

It's really an emotional time for the business," Garland said of layoffs and
shrinking bottom lines and artist rosters. Instead of putting restrictions
on digital files and taking consumers to court, he and others believe, it's
time for the record labels to take a serenity-prayer approach to doing
business and accept the things they cannot change. It's a tough sell,
indeed. "You start talking about radical change and people in the
traditional business get very nervous. These are major corporations; they
like safe, gradual transitions."
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