Sep 17th, 2008 // 6 Comments

This freaking week, am I right? Well, here’s something to cheer you up before you go home and numb the pain with the diversion of your choice: The CEO of Universal Music Group parent company Vivendi thinks that everything’s going to be all right! “I think we are close to the turning point [in the music business],” he told attendees at the Goldman Sachs Communacopia conference, thanks to digital-music sales being on the up-and-up. Of course, he couldn’t say if the big explosion in growth would come soon, or next year, or, uh, at any specific point in the foreseeable future, but you have to admit that these days it’s nice to hear someone with a little bit of optimism in his tone. Even if the whole concept of just where, exactly, your everyday citizen will obtain enough disposable income in order to help this tide along is still kind of unclear right now! Ah, crap, I ruined it, didn’t I. [Billboard]

  1. Maura Johnston

    Not even going to comment on the crimes vs. language engendered by the term “communacopia.” This is what happens when i-bankers write the dictionaries.

  2. Anonymous

    Well, he DID buy Idolator – maybe that was the beginning of something good?

  3. Ned Raggett

    @cosmiclove: It’s nice work if you can get it.

  4. revmatty

    Communacopia? Great jumping electric black gay Jesus on a pogo stick who the fuck came up with that term? That’s worse than e-frastructure and webinar combined.

  5. alec_baldwin

    I’d like to spend a lifetime being rich, stupid and high as hell.

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