when Comet Napster hit the musical planet head-on
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MUSIC IN ALL ITS STATES (1/5) – At the height of CD, the industry was euphoric. In two years, a young geek, Shawn Fanning, transformed it into a field of ruins.
In twenty years, the music sector has gone from euphoria to depression before finding a new youth. Rarely has the cultural industry been so dependent on technological innovations that have forced it to constantly reinvent itself.
Spring 1999, euphoria reigned within the record companies. At the premises of EMI, MCA, Virgin, BMG, by Universal Music, Sony Music or Warner Music, the parties followed one another to celebrate the record sales of CDs by Britney Spears, Mariah Carey or Ricky Martin. It swayed well on Latin rhythms, and the champagne was flowing. But the music world didn’t yet know he was dancing on the edge of a volcano. He never imagined that half of these carefree record companies would disappear in the years to come.
Read alsoOlivier Nusse (Universal Music France): “We are always one step ahead”
Because at the same time, in Silicon Valley, three young geeks barely 20 years old, Shawn Fanning, Sean Parker and John Fanning, launched a veritable cluster bomb in June…
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