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Music Biz Predicts 6% Decline in '03

Posted by michael on from the need-more-midriff dept.

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."

5 of 400 comments (clear)

  1. I predict a 6% decline by Anonymous Coward · · Score: -1, Offtopic

    in FIRST PSOTS~!

    1. Re:I predict a 6% decline by Theanswriz42 · · Score: 0, Offtopic

      Too bad you couldn't spell "post" correctly.

      --
      Never trust an operating system you don't have sources for.
  2. IN SOVIET RUSSIA.. by Anonymous Coward · · Score: -1, Offtopic

    Children have jerk off marathons to naked pictures of Pete Townsend.

  3. [nelson] by djcatnip · · Score: 0, Offtopic

    HA ha! [/nelson]

    --
    I make these: http://beatseqr.com
  4. boo hoo hoo, how very sad by Anonymous Coward · · Score: -1, Offtopic

    And we have seen and do testify that the Father sent the Son to be the Saviour of the world. 15. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God. 16. And we have known and believed the love that God hath to us. God is love; and he that dwelleth in love dwelleth in God, and God in him.

    Wonder why the churches and media outlets speak of works by the law?

    13. For the promise, that he should be the heir of the world, was not to Abraham, or to his seed, through the law, but through the righteousness of faith. 14. For if they which are of the law be heirs, faith is made void, and the promise made of none effect: 15. Because the law worketh wrath: for where no law is, there is no transgression. 16. Therefore it is of faith, that it might be by grace; to the end the promise might be sure to all the seed; not to that only which is of the law, but to that also which is of the faith of Abraham; who is the father of us all, 17. (As it is written, I have made thee a father of many nations,) before him whom he believed, even God, who quickeneth the dead, and calleth those things which be not as though they were. 18. Who against hope believed in hope, that he might become the father of many nations; according to that which was spoken, So shall thy seed be.