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Channels with Peter Kafka

Musicians who fight Spotify are 'so f-cking dumb' (Bob Lefsetz, author, Lefsetz Letter)

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4585 Ratings

🗓️ 17 November 2016

⏱️ 61 minutes

🧾️ Download transcript

Summary

Bob Lefsetz, author of the influential music industry newsletter the Lefsetz Letter, talks with Recode's Peter Kafka about the winners and losers in the modern music business. Lefsetz says the traditional music label model was one of artificial scarcity, and there's no going back now that streaming services like YouTube and Spotify have arisen. He also argues that Netflix is doomed and VR is being mis-sold to the public. Later in the show, he reflects on the election of Donald Trump and why he's skeptical of the New York Times' ability to challenge the incoming U.S. president. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:11.0

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0:15.0

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0:33.3

subscription today for only $99 at video blocks..com slash recode. This is Recode Media with Peter Kafka. That's me. It's powered by digital media. That is a real company. They have a funny name. I am here with Bob Lefzitz. Again, Bob, this is not the first time we've talked. We did it. We had a technical glitch, even in the digital era.

1:10.2

Shit happens, and it happened to us, but we're here, get another bite at the apple. Thanks for coming back. And I saw you last night at a fancy party. You were in the center of the party. People were swaning around you. They wanted to get a bite of your apple. I love the way you tell the story, irrelevant of the truth, but that's good. We'll gloss over it a little bit.

1:12.6

Many people who are listening to this will know who you are.

1:11.7

For those who don't, I'm going to describe you as a newsletter writer. I realize I'm modding it, it's on radio. It's a music industry. It's good not. A music industry critic. Yes. Can I call you an entrepreneur? Sure. You built your own business. Sure. So you write, it's called the Left Sits Letter, right? Left Sets Letter, that's it.

1:30.2

And I can get it via email. critic. Yes. Can I call you an entrepreneur? Sure. You built your own business. Sure. So you write, it's called the left sets letter, right?

1:29.3

Left sets letter, that's it.

1:30.1

And I can get it via email. That's really the best way to get it because if I go to website, I'm going to get the old stuff. Well, you'll get everything except for I do a lot of compilations of email I get. You'll get 95%. But email has immediacy.

1:42.5

You know, the funny thing about email is I stumbled into that at the beginning of the century.

1:47.1

And everybody said... 95%. But email has immediacy. You know, the funny thing about email is I stumbled into that at the

1:46.1

beginning of the century. And everybody said, go to the blog format. And I was against that because at

1:52.3

the time, a lot of the people I reached, the people in the music business, were not that web savvy.

1:56.6

Yeah. The irony is everybody's web savvy now, but because of noise in the channel,

2:00.5

everybody switched back to newsletters.

...

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