Founder of Elekra records (started with $300 in bar mitzvah money), now 79, sees a bright future for the music industry

"Jac Holzman, the man who discovered The Doors, founded Elektra Records, and nudged the big recording companies into adopting the compact disc, considers the Web and says: 'I think the music industry has a bright future.'"

This article takes a quick look back at Holzman's career and opinions on the music business. It's an interesting read, and quite the contrast to other music industry professionals. Most interesting were not his good decisions, but the bad ones: he didn't anticipate the rise in CD-burners and felt that putting Napster out of business was a bad move.

Read the story here: