"The music industry is a strange combination of having real and intangible assets: pop bands are brand names in themselves, and at a given stage in their careers their name alone can practically gaurantee hit records"
- Richard Branson
About this Quote
This quote by Richard Branson speaks with the distinct nature of the music market. It is a mix of both tangible and intangible possessions. Pop bands are essentially brand in themselves, and their name alone can be a significant consider the success of their records. This is because their name carries a certain level of acknowledgment and appeal, which can be used to draw in listeners and create a successful record. This is a testament to the power of branding and the significance of having an identifiable name in the music industry. It likewise speaks with the significance of cultivating a strong fan base and producing an identifiable brand. The music industry is a complex and ever-changing landscape, and this quote speaks to the special nature of the industry and the importance of having both tangible and intangible possessions.
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