4.8 • 1.9K Ratings
🗓️ 2 January 2019
⏱️ 28 minutes
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Adventures in the music business
Akimbo is a weekly podcast created by Seth Godin. He's the bestselling author of 19 books and a long-time entrepreneur, freelancer and teacher.
You can find out more about Seth by reading his daily blog at seths.blog and about the workshops at akimbo.com.
To submit a question and to see the show notes, please visit akimbo.link and press the appropriate button.
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0:00.0 | There I was just walking down the street singing do a ditty dumb |
0:07.0 | do it do |
0:08.8 | hey it's Seth and this is a Kimbo. |
0:18.0 | First, here's a message from our sponsor, Lenovo. |
0:22.0 | My story, it starts over 50 years. from our sponsor, Lenovo. |
0:22.8 | My story? |
0:24.0 | It starts over 50 years ago with my father. |
0:27.0 | My dad was a German immigrant who learned the art of violin |
0:29.8 | making over half a century ago in Europe. His dream was always to open up his own store, his own shop, |
0:36.2 | and to share the gift of music with others. My dream has always been to carry on my father's legacy, |
0:41.7 | to spread his love of music and to make music accessible |
0:44.6 | to everyone. My name is Paul Pryor and my small business is Peter Pryor and |
0:49.5 | Sons violins, a shop that's been running since 1965. But when you've been in business as long as we have, |
0:56.4 | there are things you have to do to keep up with the times. Stay tuned to hear the rest of my story |
1:01.0 | and to see what makes a difference for me in my small business. |
1:04.0 | In the year 2000, Sony had a problem. |
1:09.0 | The problem was that the patents that they owned with Phillips for the CD format were running out. |
1:16.2 | And those patents had been very, very good to them. Every year they made between |
1:21.5 | 60 and 80 million dollars in profit because every CD, |
1:27.6 | every CD player, every CD mastering machine, |
1:31.5 | how to pay them a royalty, but the patents were running out. |
1:36.0 | Also there were problems with the CD format that the people at Sony and the music industry could see coming. |
... |
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