How Has The Economy Affected The Music Industry?

image from 2.bp.blogspot.com In part because it was already in it's own downward spiral, it has been difficult to get an accurate read on exactly how the poor economy has impacted the music industry. But Billboard's Glenn Peoples has offered the best brief summary yet of the slump's overarching affect on every corner of both the traditional and emerging music industry:

"This continued economic malaise puts downward pressure on items like concert ticket prices, demand for consumer electronics (which influence the adoption of new music services) and advertising budgets (which influence licensing revenues for record labels and music publishers)."

How has the poor economy impacted your music business or career?

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  2. For me, the deeper point in the clip from Glenn Peoples was farther down the page: the discussion about Sufjan Stevens, the Asthmatic Kitty label, and pricing.
    quote:>> “Funny thing about prices… consumers determine if they’re adequate, not the party selling the item and establishing the price.”
    quote:>> “For years the music industry has been imposing its perception of its value on consumers…”
    And then that leads into a question for music businesses: “do you really know your customers?”
    The big labels seem to have little direct knowledge of customers; that was the retailer’s problem. Even worse is the situation with the music publishers, who have NEVER had to deal with selling to an end-customer.

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