A more detailed version of Jeff Zucker’s comments that I blogged about prior to this entry was released on a web site and one of Jeff’s comments was:
“We know that Apple has destroyed the music business — in terms of pricing — and if we don’t take control, they’ll do the same thing on the video side.”
Jeff, Jeff, Jeff. I pay 99 cents for a song on iTunes. Usually twelve songs make a CD. That’s a hair shy of $12 if I buy them one song at a time, or $9.99 if I buy the whole album on iTunes at once.
Wait a minute. $9.99 sounds familiar…
Oh, I know! That must be because Amazon charges $9.99 for lots of today’s popular CDs. I just happened to go to the iTunes music store first and clicked on one of the albums in the “New Releases” section of music. Then I looked up that same album on Amazon. Same exact price. I know this is just one example.
So let’s take another one.
Neil Young’s album sells for $10.99 on iTunes Music Store. It’s $11.99 on Amazon. $1 more. Now think about the printing, pressing, packaging, shipping, and manual labor it takes to get the physical CD created and into your hands. What do you think? Is a buck probably a reasonable price for all that? I think it is.
Jeff, your comments indicate to me (and for all I know, others) that you are one of the people who are unwilling to truly accept change. And this type of change is something that has been coming for literally YEARS. Everyone has had YEARS to position themselves for profitability in this new digital business model. You obviously failed, because you’re throwing tantrums and telling lies and working AGAINST consumers (your customers, I might add) and trying desperately to cling to a business model that has become outdated.
Maybe it’s time for Jeff to get a new job. One where there’s a lot less responsibility and a lot fewer key decisions to be made. I know that sounds harsh, but in today’s world – an entertainment company whining about *more* distribution via electronic means and *lower* COGS. Please.