Music Biz Predicts 6% Decline in '03

jonerik writes "According to this article from Reuters, music industry executives gathering this weekend for the global music industry conference Midem in southern France are being told that a 6% industry-wide decline in sales is being predicted for 2003; not as bad as last year's 9% decline, but bad enough since '02 and '03 come on top of a five percent dip in 2001 and a 1.4 percent fall in 2000. As a result, talk of consolidation is rampant at the conference, with the most likely scenario being a buyout of EMI by BMG-Bertelsmann. Critics, however, are skeptical that the labels' problems will necessarily be solved by simply bulking up. 'The politics at the major labels hasn't changed. The guy who puts his neck out on the line could get fired. Whereas the guy who keeps his head down is safe, and he gets to keep his BMW for another year,' said Paul Myers, founder of Wippit.com, a subscription download site."

Comments

Nuclear weapons

[stevejsmith]

In other news... BUSH FINDS NUCLEAR WEAPONS* IN IRAQ!














*nuclear weapons may not be nuclear nor weapons, subject to change without notice

Re:Give us something that doesn't suck...

[Blimey85]

Maybe if they stopped hyping pretty-looking but talentless actors

I just thought of a way to save the music industry. They could diversify and start releasing pr0n videos rather than regular music videos. They wouldn't cost a penny more to make, and actually, they could even save money because instead of the expensive clothes now seen in music videos, you would have just pure sexy flesh... which is free.

Think about it.. the next Britney video could have her nude. That's all you gotta change. Then instead of showing it on MTV, you sell it in adult stores. It seems that most pr0n sites already claim to have pics of her nude, so now they could push the real thing.

Britney, your cd sales are shit. I'm afraid in your next video your going to have to spice it up a bit. Take it off.. take it all off.