Madonna drops the bunny for Live Nation

Edgar Bronfman and Lyor Cohen are two men we admire. But we have to say that we think they made a huge mistake when they let Live Nation take one of their biggest artists away. Word is Bronfman couldn't go up against what Live Nation was offering Madonna and so he backed down and watched his top artist walk out the door. What does this say about the once mighty music industry? Clearly the music industry has reached a point where artists have more control over what, where and when. Live Nation, a concert promoter has further shifted the game and all the major record companies need to pay attention. Madonna won't be the first or last artist to jump from a traditional record label with the potential of making 10x more. So where does this leave Edgar Bronfman and his music czar Lyor Cohen, the once feared Def Jam honcho? Warner Music Group's stock has already been on a slide, and Investors are getting irritated. Will Warner Music look to restructure and kill the thick layers of top management or will they look to slash more jobs. First of all the first problem with companies like Warner Music Group is that it’s a public company. So what happens is that, top management is more concerned about pleasing Wall Street than consumers. Due to this lack of focus on the consumer –aka- the record buying public, major labels have been putting out what we call bottom line fillers, artists with little or no talent who went into the studio and made some corny shit bag song about a new dance. OK people may love the dance because it’s crazy, but are they going out to buy the record? No. Why? Because they only like the dance not the actual song. The music industry is slowly committing suicide and continues to blame illegal downloads for its troubles. Sure people are downloading music illegally, and the reality is, the music industry can't stop it. Focus on introducing new well developed artists, and come up with some added value content on CD's other than the norm, and try to rebuild. Edgar Bronfman, there will never be another Madonna, and you let her walk. Too bad for you. Bet you Roger Ames wouldn’t have let that happen.