Business Sugar We’re Going Down
posted by June 28 at 13:10 PMon
Just started reading what’s looking to be a very interesting article at RollingStone.com about the collapse of the record industry.
“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.”
It’s appropriate that the dinosaur of music journalism should examine the dinosaur that is the music industry as both struggle to stay relevant.