The New York Times recently reported that Universal has named Lucian Grainge as the new CEO of the Universal Music Group. OK, fine. Another CEO who is going to re-invent the music business, right? Wrong. This guy is on record, in the New York Times quoting "I believe that the CD will out-survive me as a format." What? Are you going to die TOMORROW? How can a newly appointed high-level exec (with a wealth of intel) spew unfathomable garbage like this. CD sales are in the tank (down 12% while digital grows.) Digital and Mobile is where its at. For the most part, the CD is ALREADY dead. Sure, you have your old-schoolers who are just now discovering digital music and Ipods. The future of music is accessibility. I want it now - on my phone, in my car, in the gym. Compact Discs just can't compete. Maybe Mr. Grainge can revive the VHS format as a side project. Bring back 8 tracks while you are at it. Good luck Universal, your gonna need it.

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