Note to record execs: This is what happens when you put all
your eggs in one basket...that basket gets full, but the rest
of your Tupperware stays in the closet.
Despite blockbusters from 50 CENT, MARIAH CAREY and COLDPLAY,
album sales have dropped 7.6 percent compared with the same
period last year. "Everybody involved in the music industry
is concerned, because there's a problem and it doesn't seem
like it's being fixed," Daniel Field, manager of AUDIOSLAVE
and WEEZER, told Rolling Stone. "You walk into a record store
and you can just feel it." While several managers and label
executives cite drastic layoffs and illegal downloads as part
of the problem, others take solace in recent growth areas
such as ring tones and legit digital downloads.
(Thanks Rolling Stone)
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