Why read Fortune's Fool?

Book cover of Fortune's Fool: Edgar Bronfman, Jr., Warner Music, and an Industry in Crisis

Book description

In 1999, when Napster made music available free online, the music industry found itself in a fight for its life. A decade later, the most important and misunderstood story-and the one with the greatest implications for both music lovers and media companies-is how the music industry has failed to remake…

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Why read it?

1 author picked Fortune's Fool as one of their favorite books. Why do they recommend it?

Harvey G. Cohen

Author

The story of how Warner Bros Records, perhaps the best, most profitable yet artist-friendly record label in the 1970s and 1980s became heavily damaged when it was bought out in the 1990s and put under corporate auspices and expectations. Goodman communicates the financial details in a clear and accessible way, as well as the music executives’ singular personalities. Also offers a close-up view of how the corporate execs, especially with their short-term focus on quarterly results, failed to deal with the challenges of Napster and downloads at the turn of the century. An insightful view of the changing components of…

From Harvey's list on American popular music history.