March 12, 2008

War against Web tops music biz "screw-ups" list

The talent scout who turned down the Beatles has long been credited with committing the music industry's biggest gaffe. But Dick Rowe's billion-dollar boo-boo has been beaten to the top spot on Blender magazine's list of the "20 biggest record company screw-ups of all time" by the failure of record companies to capitalize on the Internet. (Reuters)