Quote by Richard Branson
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.
Summary
This quote highlights the unique nature of the music industry, where both tangible and intangible assets play a vital role. It suggests that popular bands become iconic brands, and their reputation alone can ensure the success of their music. In other words, the fame and recognition of a band's name becomes a valuable asset capable of attracting widespread attention and generating hit records. This emphasizes the power of branding and the significance of a band's established reputation in the music industry.
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