Rolling Stone magazine founder and owner, Jann Wenner sums up the woes of the music industry .
The music business more screwed itself than Apple screwed it. The music business refused to embrace internet technology when it first was introduced just as they first tried to fight and stop CDs, just as they used to fight and try to stop home taping, all of which was known to spread it.
So now you have an ironic situation where music is more ubiquitous than ever — everybody in the world has access to everything — my kids can listen to the Beatles because they dont have to pay $15 to buy an album, they can either get it free or buy a Beatles song for a buck if they want.
So its the music businesss fault more than anything else. And then their failure to develop what Apple did develop, which was a good convenient easy delivery system. They fell on their own sword, you know? I think Apples within its rights to do what they decided to do. They wanted to control pricing. The music business failed to do those things.