The title of this article is "How One Generation Was Single-Handedly Able To Kill The Music Industry", but I read it differently. Very Different.
Some take-aways:
1) Some companies like GUESS, Red Bull and Steve Madden have spent over $1.3billion sponsoring music festivals, venues and tours;
2) Youtube (84%) and Pandora (71%) are the top sources for music discovery by 12-24 year olds.
3) In 2003, there were 800 label-employed musicians - down to 190 in 2013; and there were 300 independent musicians in 2003 - up to 1,830 in 2013 (according to US Labor Statistics)
4) The American music business is now firmly in the hands of music artists and consumers, no longer the labels and industry - we have an unprecedented opportunity to shape the future.
As audiophiles and the audio industry, what do you see as our role?
http://elitedaily.com/music/how-one-generation-was-able-to-kill-the-music-industry/593411/
Some take-aways:
1) Some companies like GUESS, Red Bull and Steve Madden have spent over $1.3billion sponsoring music festivals, venues and tours;
2) Youtube (84%) and Pandora (71%) are the top sources for music discovery by 12-24 year olds.
3) In 2003, there were 800 label-employed musicians - down to 190 in 2013; and there were 300 independent musicians in 2003 - up to 1,830 in 2013 (according to US Labor Statistics)
4) The American music business is now firmly in the hands of music artists and consumers, no longer the labels and industry - we have an unprecedented opportunity to shape the future.
As audiophiles and the audio industry, what do you see as our role?
http://elitedaily.com/music/how-one-generation-was-able-to-kill-the-music-industry/593411/