Music industry is actual doing ok
October 22, 2007
Just read a good comment about the Music Industry on Chris Anderson’s blog: here.
The blog (called “The Long Tail”) comments that record labels will cease to become labels but rather artist development centers. Seems logical.
Also, it appears that every single part of the music industry except the sale of compact discs is up.
- Concerts and merchandise: UP (+4%)
- Digital tracks: UP (+46%)
- Ringtones: UP (+86% last year, but probably just single-digit percent this year)
- Licensing for commercials, TV shows, movies and videogames: UP (Warner Music saw licensing grow by about $20 million over the past year)
- Even vinyl singles (think DJs): UP (more than doubled in the UK)
- And, if you include the iPod in the music industry, as I’d argue a fair-minded analysis would: UP, UP, UP! (+31% this year)
Entry Filed under: music. .
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