Interesting data from the Times Online regarding the music industry and how its revenues have changed over the last few years.
The title — "Do music artists do better in a world of illegal filesharing" — seems to disregard the simple fact that the current industry is lead by online record sales, both by iTunes (currently the world's top music distributor) and also by revolutionaries like Radiohead, who sold their last album on their own website at a name-your-own price, or Nine Inch Nails, who gave theirs away. Nonetheless, it seems obvious that the only people losing are the suits at the labels, who are arguably just no longer an integral part of the process.
Flash is required for viewing the graphs, which aren't really that easy to read (too much detail — I'd rather see artists vs labels vs other). Worth a quick read.
(via daringfireball)
comments
Will
[16 November 2009]I have to say, I am pleasantly surprised by this. But I still have an inkling that smaller bands can't make enough money to sustain themselves just from concerts. I guess online sales can make up for it.
THE Lowly Peon
[17 November 2009]WJerome: I wonder, though, if smaller bands would make it using the old system either. at least with what we have now, it's easy as hell for bands to "get out there". think Joanna newsom. Hollie got me into her when she was real unknown. she gave me a copy of her first ep. a few month later she came to Denver and played a venue with what couldn't have been more than 100 people. but I went. and now she's famous. all because of me. and Hollie.