Is Free Music Killing The Industry? - Nov 26, 2007“If the best band in the world doesn’t want a part of us, I’m not sure what’s left for this business”
It is already old news that CD sales are going down worldwide as result of Internet file-sharing and downloading, with record labels frantically seeking new avenues of revenue from music.
However, recent months saw some new developments that seem to mark a point of no return in this radical decline in the industry - first, it was EMI's takeover by Terra Firma, second, the growing trend of major bands and veteran stars - Radiohead, Prince, Bruce Springsteen, Madonna, Paul McCartney - to abandon the labels and offer new releases as free downloads, as giveaways inside daily newspapers, or as part of a deal with a coffee chain. But is it really the end of record labels? HitQuarters' exclusive analysis suggests that there are actually plenty of signs to suggest the contrary. Click here to read more Read On ... |
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