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The narrative explores the music industry's struggle to adapt following the rise of free online music in 1999, highlighting the failures that ensued over the next decade. Central to this story is Edgar M. Bronfman Jr., the heir to Seagram’s, whose controversial decisions led to the dismantling of his family's empire. His ambitious efforts to transform the music industry and restore his reputation reveal the complex dynamics between media companies and music consumers during a pivotal era.
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Fortune's Fool, Fred Goodman
- Language
- Released
- 2014
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- Title
- Fortune's Fool
- Subtitle
- Edgar Bronfman, Jr., Warner Music, and an Industry in Crisis
- Language
- English
- Authors
- Fred Goodman
- Publisher
- Simon & Schuster
- Publisher
- 2014
- Format
- Paperback
- Pages
- 336
- ISBN13
- 9780743269995
- Category
- Business and Economics
- Description
- The narrative explores the music industry's struggle to adapt following the rise of free online music in 1999, highlighting the failures that ensued over the next decade. Central to this story is Edgar M. Bronfman Jr., the heir to Seagram’s, whose controversial decisions led to the dismantling of his family's empire. His ambitious efforts to transform the music industry and restore his reputation reveal the complex dynamics between media companies and music consumers during a pivotal era.