It seems that dumping old and broken business models is coming a bit late to the music industry:

Warner Music Group is creating a new music-distribution mechanism that will rely on digital downloads instead of compact discs.

Edgar Bronfman Jr., Warner Music’s chairman and CEO, said Monday that the new mechanism will be called an “e-label,” in which artists will release music in clusters of three songs every few months rather than a CD every few years.

It doesn’t take a brain surgeon to figure out that people like paying less for fewer songs rather than being forced to purchase whole albums. You’d think with all the success Apple’s iTunes music store has had that record companies would be falling all over themselves to rush to the digital future. Alas, it is still slow going.