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Ray Charles learned from his mama

We all know that owning, controlling and trading in intellectual property (IP) can create wealth. Losing ownership and control, or not trading IP, can lose wealth. Industry case studies bring these truths to life. One for the music industry (http://www.businessweek.com/smallbiz/content/apr2008/sb20080421_919951.htm?chan=search) was in BusinessWeek last week. It reports US census data showing one in four U.S. record stores around in 2002 was gone by 2005, a net loss of 1,900 stores. It points at digital retailer, iTunes, which boasts 6 million songs. Personal case studies make the truths register. We did it in Music Business Entrepreneurship: Eulogy for James Brown (ip-tech-e-biz/music-business-entrepreneurship-eulogy-for-james-7.html). We do it now for Brown's predecessor, Ray Charles (1930-2004).

Full post as published by Lightbulb IP blog on April 27, 2008 (boomark / email).