The major labels are freaked out: CD sales are continuing their inexorable decline and iTunes sales aren’t making up the difference. Meanwhile, tens of thousands of artists are giving away their music for free on MySpace, their own websites and independent MP3 blogs. This puzzles the labels. Don’t these bands want to make money from their art?
I remember making a choice between a recording and a live performance back in the 1980’s.
It was between a double album recording by Ron Carter – “Picasso” or attending the live concert.
It was simple math then (at least to me) $12 for the double album, $25 for a 2 hour concert.
How much did the artist receive from the album sale? Probably $.20 if lucky.
(Via The Long Tail.)