Anyone notice that with WMG’s stock hovering around $10.00 a share, you can now elect to spend your money on a share of WMG stock or purchase a CD/download.
Which of the twoâ€”WMG stock or music CD/download pricesâ€”will fall faster is the big question.
I’ve long said that WMG going public was a terrible thing because it acts as proxy for the entire record industry. WMG (and the other majors) is losing value because of lack of innovation and poor management. There are plenty of people in the music industry who are great managers and embracing innovation; they’re just – currently – less visible.