Peter Kafka

Recent Posts by Peter Kafka

Jimmy Iovine Explains His $60 Million Music Plan

jimmy_iovine_dive2Hey, Jimmy Iovine! You just got $60 million to launch a new subscription music service!

What are you going to do with it?

The legendary music producer, executive and headphone marketer hasn’t spelled out all of his plans just yet. We’ll have to wait until later this year to see exactly what he’s going to roll out to compete with the likes of Apple, Spotify, Pandora and perhaps Google (x2).

But last month at D: Dive Into Media, he gave Walt Mossberg a pretty good sense of what he’s working on — a highly curated service, as opposed to the robot+friends approach most of his competitors use — as well as a history lesson on the rise and fall of the music industry.

Here’s the entire interview:


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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