It is no small wonder that the music industry's profits have declined. The best music is made through 'indie' channels with lower cost and on a lower scale. All the big record companies have invested in crap (see the grammy's - that crap was embarrassing to watch. It wasn't so much about music as it was about theatrics and glam).
The most successful artists are embracing the new wave of internet distribution (see NiN and Radiohead). I for one am glad to see profits down. Look at what happened to the movie industry in the 60's and 70's: their profits were down so they invested in art-house directors like De Palma, Scorsese, Lucas and Spielberg, just to name a few.
To read more about the issue go to the article.
A new site!
14 years ago