"How the Music Business Spent the [US] Summer Killing Itself"
snip... "All in all, it's been a depressing summer for the delusional record industry. We're seeing a total disconnect between labels' unrealistic, old-school revenue expectations and what the market can bear. On the streaming-music front in particular, the sad reality is that advertising revenue isn't, and may never be, there to fully support the music industry's wishful-thinking profit margins.
As Advertising Age Editor Jonah Bloom said to me last week, labels "can't help looking at what they used to earn from a big band's latest release and wondering why they can't score that. ... The trick is to get your costs in line with your anticipated sales based on current revenue rather than former revenue." Link,
hat tip to Nigel.
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