David Rosenthal: belief

Transcript context

…The question is, what's the analogy? Was it that that's the right model? Or was it actually that having multiple revenue models was always the answer? There happened to be a moment in time where recorded music was the prevalent revenue source. I don't know. I certainly don't say that to try to shy away from our role. My goal is, I think these people genuinely, whether you're a podcaster, whether you're musician, are insanely creative people. I love seeing people like yourself, David Senra, Taylor Swift, Joe Rogan, or whoever, that are really deep on whatever they're passionate about. They're able to get across the microphone and have lots of people that can resonate with them. That opens up so much more opportunities. One of the things we learned on the LVMH episode is that Rihanna became the first female recording artist billionaire because of Fenty Beauty. Imagine that in the CD era. That wouldn't have happened. Yeah. That's the insane part too because that fame, in a way, doesn't necessarily, if you think about an Elvis Presley, what time did it take for Elvis Presley to get to a billion people that had heard him? I don't know, but I would venture to say, it probably took a decade at the very least, maybe two for him to do that. Sure, it was worth a lot, that billion then, but it was hard to scale that. And then you think about, how many artists today get to be heard by a billion people? Actually that number’s way higher, and it's way faster for you to do it. But because it's not scarce anymore, perhaps the societal value/monetary value, whatever you want to put it on, maybe isn't the same because it's not scarce. But as you said, if you're smart in how you do it, and this is the zeitgeist on how you execute it, it doesn't work when it's not authentic. You take the Rihanna example. It worked because she had a way to do it, which was authentic to her, but also authentic to her audience. If she would have tried to flog something else that she didn't care about, it probably wouldn't have worked. That's the unique thing when you realize and you think about it yourself as an enterprise, and Jay-Z...…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.