de company with an excellent reputation in a key distribution market (i.e., the United States), it also enjoys economies of scale and the transfer of core competencies in the process. These are excellent reasons supporting an acquisition as opposed to a startup.
Rap artist Chuck D has characterized the music industry as a banking system with little interest in art. He suggests that artists do not need the professionals within the music industry because it is possible to sell music to the public without compact disc factories, delivery trucks, radio stations, and stores. Clearly, Chuck D is referring to the possibility that artists can elect to sell their music directly to consumers through such services as Napster and other online distribution hubs where consumers, for a relatively small fee, should be able to download and pay for only the music they want. Invariably, representatives of the music industry have objected strenuously to this process, arguing that it essentially violates intel
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