With the end of the disposable income as we know it, the record industry is reeling, Albun sales are down 17% since 2008. If MJ hadn’t croaked it woulda been worse. Sales are down 45% since 2000 -the bottom has fallen out, we’re through the looking glass… whatever, you can choose your own cliche.
And you know how touring saved the video star? Not this year. Unless you are Phish or you live in NYC, top acts were selling tix for 75 cents…. or at most $15.00
Finally, the media has had a nightmare year. Blender bounced. No one is advertising on eith MTV or Rolling Stone (or NYT).
Meanwhile Itunes upped their prices from 99 cents to $1.29.
Next year better be better…