Word: musicalities
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...fans rejoice - another middle finger to The Man! - the music industry is reeling. While Planet Earth is due to hit shelves in the U.S. on July 24, Sony BMG announced that with so many free copies floating around, it won't be releasing the album for sale in the U.K. at all. Music retailers boycotted the paper, until HMV reluctantly agreed to stock it, just this once. "We decided we could either get marginalized or we could get right in there," says spokesman Gennaro Castaldo. "With whatever reservations, our motivation was to give our customers the choice and access...
...without the income generated by big name acts, how will record labels support and promote lesser-known artists? "If we keep moving down this particular route, companies will only release records that are sure home runs," says Martin Talbot, editor of industry paper Music Week. "That means either stuff by established artists or unknown artists doing cover versions. There is the danger that it will no longer be worth it for companies to invest in new, up-and-coming artists. And if record companies don't invest in them, who will...
...There's no ignoring this bigger, stronger breed of freebie, but there's also no reason it has to signal the death of the music industry. Thanks to the rise of digital distribution, the business of making and selling music has been in flux for years, with labels, lawyers and retailers constantly forced to adapt. "In the record industry, you can barely hear yourself think for the sound of the business being dismantled and the paradigms being broken," says Conor McNicholas, editor of music weekly the New Musical Express. Those who can't keep up are flailing - last month...
...wonderful opportunity," he says. "Yes, it means the industry will be dramatically different in a few years, but I don't think screaming like a bunch of girls is going to help anything. They need to think of a way to use it to their advantage." Setting music free: could be a Sign O' the Times...
Many people—especially young adults—tune into the radio for music or other purposes and end up getting some news in addition, Patterson said...