Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Wednesday February 06 2019, @09:19PM   Printer-friendly
from the what-is-it-worth dept.

Bloomberg:

When Vivendi SA took over Universal Music Group in 2000, the industry was riding high on bumper sales of CDs, though the investment soon soured as illegal downloads surged. CD revenue plunged by two-thirds over the next decade, and by the early 2010s, unloading Universal would’ve been a tough sell; who would pay a premium for a company whose main product—pop songs—was widely available for free? But today, Vivendi is considering the sale of a stake in Universal that could value the label at more than $25 billion.
...
The rebound can be traced to the same boogeyman that almost killed the business in the first place: the internet. These days, music fans have largely shifted from illegal downloads to paid streaming platforms such as Spotify, Apple Music, Amazon Prime, and Pandora, which generally charge $5 to $10 a month for unlimited access to millions of songs.

Have record labels, like zombies, really returned from the dead?


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3, Informative) by Thexalon on Wednesday February 06 2019, @09:57PM

    by Thexalon (636) on Wednesday February 06 2019, @09:57PM (#797432)

    And if you see a band member in a pub - tell him how much you liked the gig and buy him a beer, band members are *always* thirsty, I think it's an inherited trait.

    As a working musician: Yes, up to a point. What I'm mostly doing before and between sets is recovering enough to play the next set, and I also know for a fact that if I want to give my best performance I'm going to need to enjoy beer *after* rather than *before* or *during* the set.

    --
    The only thing that stops a bad guy with a compiler is a good guy with a compiler.
    Starting Score:    1  point
    Moderation   +1  
       Informative=1, Total=1
    Extra 'Informative' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   3