Peter Kafka

Recent Posts by Peter Kafka

Warner Music Rewards New Owner With Decent Quarter

This is a nice way to greet the new boss: Warner Music, set to be acquired by investor Len Blavatnik, reports a nice Q2, particularly by music industry standards: Revenue was up 2 percent, while digital sales were up 9 percent. But operating income was down 6 percent, in part because of severance charges, and the company lost 25 cents per share.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work