Monday, December 17, 2007

MTV Declares 2007
"The Year the Music Industry Broke" is rolling out a three-part series on the future of music, and to kick it off, they are looking back at what a depressing year 2007 was for the major labels. In "Madonna Ditches Label, Radiohead Go Renegade: The Year The Music Industry Broke," James Montgomery writes:
Make no mistake about it, 2007 was a b-a-a-a-d year for the industry. According to Nielsen SoundScan, album sales were down 15 percent from 2006 (a trend that's continued for eight straight years now); big-name artists jumped ship in increasingly complicated — and messy — ways; and the powers-that-be seemed to get even more heartless and disconnected, thanks to a series of lawsuits, feuds and terrible decisions.
Read on and you will find a timeline of every depressing event for the industry.

1 comment:

Barbara Bruederlin said...

I don't find most of those events depressing at all. Sure the big labels are in a tailspin after this year, but they needed shaking up in a bad way. Things are just starting to get interesting.