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The Transcript (Segment 8)
Broadcast: THE TRUTH FILES
Episode Title: The Mermaid Hypothesis
Air Date: June 28, 2020
COMPLETE TRANSCRIPT OF TELEVISION BROADCAST
HOST: We just heard an earful on the topic of SirenSong and its embattled CEO, Dominick Torrent. Earlier this week, Mr. Torrent himself was gracious enough to take me on a tour of SirenSong corporate headquarters in Menlo Park, California, and to sit down with me for a one-on-one interview. The following pre-recorded footage is being broadcast unedited and in its entirety.
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HOST: Thank you so much for taking the time to sit down with me today, Mr. Torrent. I know you're a busy man. Your corporate headquarters are absolutely stunning.
TORRENT: Thank you. We've certainly come a long way for a company that started operating out of a tiny one-room recording studio.
HOST: Indeed you have. Now, tell me. Was that studio in Seoul or New York?
TORRENT: New York. I had the idea for the app while living in Korea, but I didn't start work developing SirenSong until after I moved back to the States. The product spent years in development before we launched the first version in 2016.
HOST: And as the whole world knows, that first version of SirenSong made quite a splash.
TORRENT: SirenSong exceeded everyone's expectations. Even mine. It's been a labor of love for a long time, and I always believed in its potential, but I never imagined the level of success that we've accomplished.
HOST: Last year, just three years after that initial product launch, you succeeded in having SirenSong listed on the New York Stock Exchange.
TORRENT: Yes, the IPO went very well, and the stock has performed above expectations in the months since then. Our investors couldn't be happier.
HOST: You have your share of detractors, however. It's unusual, wouldn't you say, for a technology company to have an organized movement with the sole purpose of its destruction?
TORRENT: Unusual. That's one way to put it [laughs]. Listen, we disrupted a longstanding, multi-billion-dollar industry. Some degree of backlash was inevitable and perfectly understandable. I sympathize greatly with those who lost work as a result of our success. I should stress, though, that SirenSong has created thousands of new jobs. We now have many former recording-industry professionals who work right here in this building. We're building a new kind of music industry here—I would argue a better music industry, and I think our listeners agree. It's only a very small minority who have unfortunately chosen to undermine our mission rather than join us.
HOST: What do you mean by that exactly: a better music industry?
TORRENT: We created a sensory experience that simply surpasses the capabilities of previous technologies. If you look back over the history of the recording business, it's the same story over and over again. Some of your viewers may be old enough to remember eight tracks? Cassette tapes? Compact discs? It's been a steady march forward, and each advance has resulted in the previous technology becoming obsolete.
