Ted Nugent is Spot On

From Bob Lefsetz

And finally, I asked Ted about the music business, what did he think of that?

He said in 1975, the musicians loved the music.  The promotion man at the label loved the music.  The President of the label loved the music.  The retailer loved the music.  The deejay loved the music.  The people loved the music.  Now, NO ONE LOVES THE MUSIC!

Quote of the Day from Bob Lefsetz

"A Palm is like a Haircut 100 record. A hit once, but no one even wants to go to the reunion show."

Bob Lefsetz is referring to Elevation Partners investments in Palm and how Elevation is the only thing keeping Palm alive. This was spurred by Bob's review of an op-ed piece by Bono in the NY Times. The article is Bono's stream of consciousness writings on Frank Sinatra.

Lefsetz on Carlin

I think Bob Lefsetz summed up George Carlin the best by saying...

If you look at Carlin's track record, it's akin to the Beatles'. He was more consistent than the Stones, even though he worked just as long. And even though we loved his greatest hits, we always wanted to hear his new stuff. Carlin wasn't calcified, he was positively alive.

Apple to sell tracks for 15 cents a piece

As reported in today's Lefsetz letter:

And starting April 15th, all Universal tracks at the iTunes Store will
be fifteen cents. Steve (Jobs) wanted the price to be lower, rumor has it as
low as nine cents, but he couldn't convince Marty Bandier and the rest
of the publishers to lower their share, so fifteen cents it is.

Keep reading his post today.... but remember it's 4/1!!!