RCA was a major record label, but also committed to investing in consumer entertainment technology. In this 1935 article, the company boasted about its promising R&D work in television. Today record labels spend zero dollars on tech & are thus at the mercy of Apple, Google, etc.
It& #39;s rarely remembered today, but RCA was the Apple and Microsoft of its day—making innovative devices to enhance consumer entertainment. It& #39;s no coincidence that music industry revenues stagnated after the major labels stopped investing in innovation. https://www.thedailybeast.com/what-the-music-industry-could-learn-from-1920s-rca">https://www.thedailybeast.com/what-the-...