Apple Saved Music. Why Not TV?

Land of the Giants

Vox Media Podcast Network

Technology, Society & Culture, Business

4.6 • 2.3K Ratings

🗓️ 20 October 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Back in the early 2000s, file sharing services like Napster devastated the music industry. Steve Jobs threw it a lifeline with the iTunes Store, offering people an easy way to download songs legally. That saved the music industry and made Apple a dominant player in the music biz...for a time. Twenty years later, the television industry is going through a similar upheaval, but this time, Apple isn’t leading the way. What happened to Apple’s golden touch? Hosted by Peter Kafka (@pkafka) Enjoyed this episode? Rate us ⭐️⭐️⭐️⭐️⭐️ and leave a review on Apple Podcasts. Want to get in touch? Tweet @recode Subscribe for free. Be the first to hear next week's episode by subscribing in your favorite podcast app. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Support for this show comes from the Genesis GB70 Performance SUV.
0:05.6	Every Genesis is a reminder to try something bold to keep growing, keep hustling.
0:12.8	At Genesis, they've harnessed all that excitement of beginnings into their performance SUV,
0:19.2	the GB70.
0:20.5	It's a car built to turn heads with stunning design inside and out.
0:26.0	It's packed with intuitive technology inside, like the 14.5-inch infotainment system,
0:31.8	and fingerprint recognition plus the GB70 features all-wheel drive, which is bound to add
0:37.4	a little more acceleration to your next drive.
0:40.5	Your Genesis GB70 is waiting for you.
0:43.9	What will you begin?
0:45.6	Learn more at Genesis.com.
0:47.9	Genesis, keep beginning.
0:57.0	In the late 1990s, the music industry was booming, dominated by the likes of Britney Spears,
1:03.2	the Backstreet Boys, and Insync acts to excel a million CDs in a week.
1:11.0	But around the year 2000, that all started to go away.
1:19.0	The culprit was Napster and file-sharing, but really it was the internet.
1:23.2	The new technology that the music industry didn't see coming and didn't understand.
1:27.2	With Napster, instead of schlepping down to Sam Goodey to pay $18 for your favorite boyband
1:31.4	CD, you could stay home, log on, and download it for $0.
1:35.9	This caused chaos overnight.
1:38.4	Sales plummeted, and then they kept falling over the next decade CD sales, which shrink
1:41.9	in half.
	...

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