“Streaming has won…”-Lefsetz commenting on Taylor Swift’s 1.3 million first week album sales, an album not released on Spotify or other streaming services. (Photo Christopher Harte CC)
This is just a quick note. I try not give Bob Lefsetz any oxygen… but has anyone else noticed how much Lefsetz and the rest of the usual pro-streaming suspects have begun to resemble the former Iraqi Information Minister “Baghdad Bob?” They can’t seem to face up to the obvious fact:
Taylor Swift’s “windowing” of her album has increased sales and revenue! First platinum record all year.
And should we be surprised? Windowing leads to increased revenue in the TV and Film business why wouldn’t it work for music?
This is actually a rather boring and mundane observation only made interesting by the current irrationality of the music business. It’s only interesting because so many music business executives and journalists have completely drank the koolaid and refuse to believe that streaming cannibalizes sales. That streaming as it stands now (everything available for free) is really bad for the music revenue. Reading the music business headlines in the wake of Swift’s feat is like watching some sort of religious cult have a mass nervous breakdown.
“Oh no the spaceship did come! It whisked all the true believers away. It was right over there. You just didn’t see it? That’s because you didn’t believe! Why am I still here? uh …”
Here’s Lefsetz in the face of Taylor Swift’s 1.3 million first weeks sales, a feat not accomplished since Napster was around:
Selling a million copies a week in a country of 300 million people is a blip on the radar screen, but owning the news cycle, even trumping the World Series, is priceless.
As for Spotify…
Acts come and go, institutions remain.
Hilarious stuff if you consider that Lefsetz declared her career pretty much over with during a well publicized spat he had with her in 2010. Payback’s a bitch isn’t it Bob?