Thursday, June 28, 2007

Music Industry RIP - via Rolling Stone .com

The major labels are struggling to reinvent their business models, even as some wonder whether it's too late. "The record business is over," says music attorney Peter Paterno, who represents Metallica and Dr. Dre. "The labels have wonderful assets -- they just can't make any money off them." One senior music-industry source who requested anonymity went further: "Here we have a business that's dying. There won't be any major labels pretty soon."

In 2000, U.S. consumers bought 785.1 million albums; last year, they bought 588.2 million (a figure that includes both CDs and downloaded albums), according to Nielsen SoundScan. In 2000, the ten top-selling albums in the U.S. sold a combined 60 million copies; in 2006, the top ten sold just 25 million.

Photo Sharing and Video Hosting at Photobucket

(source: Rolling Stone)


What is your opinion?

No comments:

Post a Comment

An Intimate Celestial Bond

If you want to Purchase any of my music(s), Please go to https://djrenigade.bandcamp.com/ 1st Track For The New Year! #DownTempo #RenigadeCi...