In its Jan. 12 edition, the Japanese business magazine Diamond Weekly decided to ring in the new year with a 10-page feature titled, “Who’s Killing Music?” It was the topic of much discussion and reaction in the music business, and the article even made the agenda during a meeting of the Japanese music industry’s trade group the Recording Industry Association of Japan.
As for the question raised in the provocative headline, Diamond gives a short answer and a longer answer. The short answer is “Sony.” The long answer is “Sony and a lingering inability of the industry as a whole to adapt to technological changes that have fatally undermined their outdated business model.”
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