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Grex > Music3 > #41: The Crash in the Music Business |  |
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| Author |
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| 3 new of 71 responses total. |
mcnally
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response 69 of 71:
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Jan 23 21:41 UTC 2002 |
Wow.. Even using the higher sales figures (2 million copies)
that's still $24.50 she's receiving per CD she actually sold.
To put it another way, if EMI sells half a billion records this
year, they'll essentially have to slap a ten cent Mariah Carey
tax on every one of them.
Better get shopping kids, the record companies are in trouble
and they need your help!
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tpryan
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response 70 of 71:
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Jan 23 23:07 UTC 2002 |
Selling 500,000 copies of an LP is rather astounding these
days. Now selling 500,000 copies of a CD might be considered nice.
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krj
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response 71 of 71:
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Feb 22 23:40 UTC 2002 |
Distribution North America (DNA), which I believe to have been the
leading distributor of indie rock CDs, has gone bankrupt.
Ugh. When the leading indie distributors went *boom* ten years ago,
some stuff went out of print, and some labels went away because they
couldn't absorb the loss of income they were due from the distributor.
Here's a story from the MSU State News:
http://www.statenews.com/article.phtml?pk=8889
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