Word: cd
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...weren't worrying enough that their revenues are sliding, the major record labels are also having more trouble than ever controlling their artists. Prince cut out Sony BMG last July to give away his latest CD through a U.K. newspaper, cannily betting that he'd make up for this lost income by boosting sales of highly lucrative concert tickets. And in October Madonna abandoned Warner Music to throw in her lot with Live Nation, a California-based concert promoter. "The record-label system is built on 100% control," says Leonhard, and major labels "have lost that...
...bands can expect to score sneaker ads or globe-trotting tours. Record companies still need the music to make them money. But some 30% of the artists on EMI's books have yet to come back with a recording, and sliding CD sales mean that overall, only 3% of the label's artists are profitable. "The actual economic power of new music is declining at an extraordinary rate," says EMI's Hands. Keen to keep it alive, he is mulling changes to the way EMI's artists are rewarded. Out could go generous advances for some artists - "an excuse...
...often, it doesn't produce money-spinning discs, either. More mature music fans might still pay up for a CD; some 2 million people outside North America bought last fall's Long Road out of Eden, for instance, the first studio album from the Eagles in decades. But supermarket muscle has driven down the retail price of compact discs. The only U.S. store selling that Eagles CD was Wal-Mart, for the bargain price of $11.88. The average price of a CD in Europe dropped by 4% between 2003 and 2006, according to PricewaterhouseCoopers. One way to maintain price levels...
...installations were teeming, swaggering, messy, obscene, obscure and beyond sexist. In their superabundant way, they were also irresistible. His 2002 funfest, The Grand Machine/THEAREOLA, which gets it own spacious room at the Whitney, is a meditation on '70s porn star Marilyn Chambers incorporated into a sort of ramshackle karaoke-CD factory...
...room that appears to be Davey’s study. The 1996 photograph “Otis” shows the room crowded with shelves of books, low-hanging fluorescent lights, and assorted stereo equipment. The print’s title is ostensibly a reference to an Otis Redding CD that is propped upright atop a stack of vinyl records. Judging from the books on photography (“Legacy of Light”) and art theory, this is Davey’s center of operations. Fast forward three years...