The music industry has been hit with a double whammy. Sales continue their decline and the global economy is in the midst of the the deepest recession since World War II. Layoffs, consolidation and much less venture funding are just a few of the obvious signs. But from adversity can also come opportunity. Waste is trimmed. New companies emerge where market leaders falter.
In addition to our regular coverage and commentary, this week Hypebot will explore how this dual downturn is effecting the music industry. Today the series starts from the artist's point of view: one who lives and sings about it and another who sees her fan's troubles and is making a small gesture in return.
Plus we want to hear from you. What effect is the economy having on you and your business? What opportunties do you see? Some Hypebot readers got the discussion going here. Leave your stories and comments there or anywhere you see a Music & The State Of The Economy story. We'll share some of them in a full post later this week.