Best Lefsetz Letter yet: 1. The major labels will only get - TopicsExpress

Best Lefsetz Letter yet: 1. The major labels will only get stronger. We live in an a money economy and the only ones willing to invest in artists are the labels. Furthermore, theyve got the relationships at radio, which are key to developing acts. The players want cash, the major labels have it, no one else will get involved because the returns are so bad, the majors have gotten a second wind, theyve adapted to the internet, all the hogwash about disruption was just that. (P.S. This isnt forever, but its certainly for now.) 2. The Apple Watch will be a success. First, because its Apple. Second, because wearables will become important, theyre already here with fitness trackers. You dont wan to pull your phone out of your pocket a hundred plus times a day, thats inefficient. Will the expensive Apple Watch or cheap one sell? Its too soon to know, but once again, a company with an integrated approach triumphs. Apple was not the first in MP3 players or smartphones, but it was the one that blew up the market. People love to hate on Apple, especially those not addicted to the brand. The noise level creates dissonance in the marketplace. But the truth is the press gave a pass to Google Glass and it failed, its skeptical of the Apple Watch, but it will win. Once again were moving towards utility as opposed to show-off status. If it doesnt do much, if it doesnt work right, we dont want it. 3. The concert business will burgeon. Were in the midst of a long journey from ownership to access, concomitantly people want experiences more than ownership of status items. Once youve got an iPhone 6, youre covered, theres no $5000 model. If youre buying a fancy car to impress people, if youre all about acquisition, the millennials are laughing at you, youre branding yourself a baby boomer. This is an important change in our country. Virtual goods have value. 4. There are only three news outlets in America, the New York Times, Wall Street Journal and Washington Post. Their only challenge is securing their power. No one else has boots on the ground. TV news is a joke. If you turn on the television to find out whats going on youve probably got an expensive automobile in the garage, trying to impress those who dont care. Television news has no reporters. The aforementioned print publications do. As well as Bloomberg, thats the x-factor here. He who controls the news controls the dialogue. Hits matter, but Buzzfeed, HuffPo, et al, are sideshows. There has always been gossip. There will always be listicles and link-bait, but dont confuse them with the genuine article. 5. Twitter might not be doomed but it is challenged. Its just too hard to use. How about the ability to just subscribe to a news feed of topics youre interested in, maybe even curated by experts in the field? But the Twitterdomos wont do this, because theyre too impressed with the service. They know theres a problem, but to admit it would be to acknowledge the service is less than perfect, which it is. Meanwhile, Wall Street already knows, the stock has tanked. We want real time news, we dont want it quite like this. 6. Snapchat. Evanescence is the new trend. Driving people to see something now before it disappears. Its kind of like sports. Its meaningless tomorrow. Only in this case, it doesnt exist tomorrow. 7. There will be a left field, artistic success in the music business. The public demands it. Despite all the hype for stars of the moment, theres a hunger for that which feeds the soul, that we truly cant shake off. This new act will be comprised of very skilled players, who are not beholden to the usual precepts or partners. The hipsters will laud them, but then the press will put them over the top. 8. The mainstream press and the owners of this country are doing their best to keep down lower class agitation, i.e. protestation against income inequality. The tragic shooting of New York policemen has been utilized to silence stories of protest and unrest. But income inequality is the story of the year, which will be amplified by the Republican Congress. Not everybody can pull themselves up by their bootstraps. Self-reliance only goes so far. Expect further conflagration, you can only keep people down so long. 9. Ignorance reigns. Misinformation is king. This is a cancer upon our society. Special interests spread falsehoods, or shade the truth, and the public picks it up and weve got an entire nation that cant agree on the facts, never mind where were going. This is an exponent of bad leadership, or the lack of any leadership at all. Sometime in the future well all go to one place to get our news. But unfortunately, thats not imminent. Artists have the power to spread the truth, unfortunately artists are so interested in money, truth takes a back seat. 10. Mobile won. Even more so around the world. Think of the handset, not the desktop. 11. Streaming won. Vinyl is agitation against a disconnected society where we have no way to display our identity. If it were really about sound, people would be gravitating to Deezer Elite and Tidal. But theyre not, because they dont want to hear better sound, the want to own something. This sounds like a contradiction to the new non-ownership society, but really its about the non-identity society. In a world where we all have the basics, the aforementioned smartphone, et al, how do we distinguish ourselves? People always want to distinguish themselves. Vinyl is a ripple on the ocean. And streaming sound quality will improve. 12. The movie business is headed for turbulence. Ticket sales are down, theft is high... The Interview revolutionized the business, not because of the hack, but because it went live in theatres and online day and date. This is the future. And until you can see all movies at one low price in one location online, expect theft to continue. Thats right, the movie business thinks its smarter than the music business, but nothing could be further from the truth. 13. Curation will rule, but not in 2015. Were still in a streaming turf war. Songza was a joke. Playlists have been around for over a decade with little impact. The people talking about curation dont care about it, they just want to sell you their scaling streaming service, which is why it wont work. Curation works in radio because everyone agrees on the same songs. This will happen in music too. Making the blockbusters even bigger. But it wont happen this year. 14. Baby boomers will continue to run the music business. No significant change will happen until they retire, which is at least a half decade off. 15. The American Dream is alive and well in the mind of the consumer, if not the true statistics. Everybodys got an idea, everybody wants to get rich. Now, the focus is primarily on tech and Shark Tank products, they scale better, you can get rich easier. But people still believe theyre entitled to music success. But the truth is the most successful people are those with wealthy parents who send them to the best educational institutions wherein they make life-long relationships that pay dividends in their endeavors. Thats right, they were born on third base and the rest of you are outside the stadium, and most people dont even know it. The poor have no idea of the advantages of the rich. Despite all the hoopla about wealth, if the general public had any idea how rich the rich truly are, the lifestyle they live, there would be spontaneous revolution. Meanwhile, theyre kept busy perfecting their dreams, which rarely come to fruition, they participate in the sideshow. Furthermore, the best and the brightest dont go into the arts, the odds are long and the rewards not only elusive, but relatively scrawny. Expect no change here this year. The progeny of the rich are too anxious to take a risk. Id like to say change is coming from the artists, but youre better off looking to Vice. Thats the story of the age, the power of news, not art. Create an alternative news site and youve got power. But people dont want power, they want money. Not realizing that power is the trump card. He who reaches the most people and controls the dialogue wins, especially in 2015. Ive about given up on the artists taking a stand. Mark Zuckerberg is more powerful than any musician. But it doesnt have to be this way... -- Visit the archive: lefsetz/wordpress/ -- twitter/lefsetz -- If you would like to subscribe to the LefsetzLetter, lefsetz/lists/?p=subscribe&id=1 If you do not want to receive any more LefsetzLetters, lefsetz/lists/?p=unsubscribe&uid=62bdd9d6c502745c9e17d8d14bf09d96 To change your email address lefsetz/lists/?p=preferences&uid=62bdd9d6c502745c9e17d8d14bf09d96 -- powered by phpList, phplist --