"There is a lot of concern about CD sales dropping off a cliff at some point, and digital potentially not being able to grow fast enough to offset that...We’re going to have to get good at all of these ancillary revenue streams and see what works." - David Ring of Universal Music eLabs.
"We could monetize file-sharing tomorrow, but it would just be one small part of the puzzle" - Ken Bun of Hollywood Records
"There is this (revenue) huge gap that won’t be made up...And if it is filled, the labels won’t be around anyway." - Fred Goldring of lawfirm Goldring, Hertz, Lichtenstein.
"...We are very much in lockstep with the industry...If that is a major shift in what [the labels] have experienced with our competitor, that's good. We're trying to build this together." - Chris Stephenson of Microsoft.
From the Music 2.0 Conference yesterday in LA. Sources: Mp3.com, DMN
