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Does selling records have anything to do with the music business anymore? What do you think?
115,000 new albums were released in the U.S. in 2008. Of those, only 110 sold more than 250,000 copies.
Only 1,500 titles cracked the 10,000 mark.
Read more from CNN here.
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[...] TTVK has sued a file sharer (aka a pirate!) for over 3,6 million euros. C-r-a-z-y. Meanwhile, Future of Music blog writes music business is less and less about selling records. So, where does that sum – 3600000 EUR [...]
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I learned of this statistic at the New Music Seminar in NYC this past summer…shocking, huh?
I talk about it on my blog as well…here’s a link to the post if you’re interested: http://bit.ly/2YoBPs
_chris
Thanks Chris.
This has been expected to happen for years now. People keep talking about , “Oh, the future of music, what will be next?” Here’s an idea. Nothing. Once you can get something for free, nobody in their right mind is going to purchase it. The only thing the industry has is touring. But, the labels have been sniffing that out, and are now trying to shove 360 deals down artists throats. The only way to get the industry back to it’s moneymaking ways, is all in the public’s hands. The consumer makes that choice. Download illegally, or buy. It’s now up to the consumer.