TechCrunch head honcho Michael Arrington has posted a report on a lunch he had last week with “a big music label executive”, in which the latter was apparently candid about the future. Edited highlights: “The labels fully understand that recorded music, streamed or downloaded, is going to be free in the future… They also understand that recorded music will largely be little more than marketing collateral, meaning that the Internet services being sued today for copyright infringement will be embraced in the future as ways to get the word out on hot new music… By 2013 (maybe as early as 2011, it’ll make sense for the labels to finally reorganize their business models around the reality created by the Internet and person to person file sharing services.” Thoughts, anyone? Bueller?

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