Ripples in the Music Industry, Part 1: Breaking Away
Posted in: Online TV/Music at 07/11/2007 10:37
Piracy is not the major music labels' main problem, according to analyst Mike Goodman. "The problem is that they have an inefficient business model. We're undergoing a business correction, and there is not anything they'll be able to do about this market correction. Revenues for the music industry are going to decline." Meanwhile, musical artists are using the Internet to strike out on their own.