Music biz slump 2: Optimism or denial?

Edgar Bronfman, Jr., CEO of Warner Music Group, says:

Our business is poised to rebound because the demand for music is as strong as it has ever been and our determination to meet that demand has never been greater

While it may take some time for the rise in all the new revenue streams to overtake the short-term effect of the decline in the CD, there is no doubt in my mind that the mid-to-long-term future for Warner Music is very bright indeed.

There’s no particular argument advanced in this news brief about why this might be true.