Where Has All the Money Gone?

Paul McGuinness at the Music Matters Asia conference

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“To corporations – ISP’s, cable operators etc etc. who would argue that they are innocent bystanders…” U2 manager Paul McGuinness is bemoaning the fact that Manchester United will lose all their money from broadcasting rights because people will soon be able to watch the matches on the internet. Isn’t this just the natural flow of free markets? Labels/institutions/artists that are savvy and intelligent are benefiting from the new business model. Meanwhile, Paul seems to want other people to save his skin…

–Archie Hamilton, Split Works’ Managing Director
Blogging live from the Music Matters Asia conference in Hong Kong

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