"It's toast," starts the rant and continues to describe how the new Apple Music is as good as dead before it has even been released to the public. In his Lefsetz Letter blog he says Jimmy Iovine, the former record label mogul recruited by Apple, is not the innovator Apple needs to revolutionize music business.
He believes it's the likes of Spotify founder and CEO Daniel Ek do the innovating and revolutionizing. "Daniel Ek's story is more interesting than Iovine's. Ek slayed piracy, Iovine sold crappy headphones as fashion items," says Lefsetz. According to the critic in modern era the "faceless techies" are the winners, not the corporate bullies.
The 24/7 radio station Beats 1 isn't what people want, if it were the original Beats would have succeeded. All in all Apple hasn't realized what people want. He acknowledges that Apple Music probably won't completely fail though, but says it won't kill YouTube or even dominate the streaming space.
Written by: Matti Robinson @ 13 Jun 2015 10:18
