Popkomm 2009 Cancelled
One of Europe's largest music conferences Popkomm will not be held this year. "The digital crisis is fully on the music industry by. Many companies maybe due to the theft on the Internet no longer afford to participate in the Popkomm," organizer Dieter Gorny told the German media.
Attendance the the annual convention which is held in Germany each September was projected to be down 40-50% from the 14,000 who attended in 2008. Organizers hope to reintroduce the gathering in 2010 with more government support.
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it makes me cry (or meanwhile smile) how helpless these highpaid managers are.
its a shame!
to move from Köln to Berlin also a big failure.
It appears as though the financial crisis has hit the label industry harder than other businesses, because in previous years, they have invested heavily in technologies that didn’t quite make it in the marketplace, like the SA-CD, DVD-Audio, copyright protection software on CDs, online widgets and wadgets and whatnots and had their catalogues sliced into consumer-friendly bytes by the manufacturers of the iPod – instead of investing it all into artist development, because it’s the quality of the music that pulls people in, as surprise successes such as the “O Brother Where Art Thou Soundtrack” prove. And now, the trade fair falls foul of cost cutting measures.
The financial scene spoke of the need for a “bad bank” in recent months. As the labels used to be the banks of the music business of old, how about the concept of a “bad label”?
And no, I’m not serious.