Tuesday, August 23, 2011

What is Up With The Music Business?

ThinkChristian.net:
Pop tart Katy Perry, who started her professional career as a contemporary Christian singer, recently made history as the first female artist to score five No. 1 hits off of a single album. The last album to do that was none other than Michael Jackson’s “Bad.” However, nearly a quarter century ago Jackson’s radio domination resulted in the sale of over 30 million copies of “Bad,” while Perry’s “Teenage Dream” hasn’t even cracked the two million mark. What has happened to the juggernaut that was the pop music business?

Much has been made of the obvious impact piracy has had on the industry. And it’s true that illegal acquisition of tunes has contributed to the reduction of what was a $17-billion annual business to something near $7 billion. But is it just piracy that is responsible for this massive decline? Or is it possible that the audience just doesn’t care as much about buying music as it once did? Maybe the mainstream wasn’t giving people what they wanted and when their market monopoly ended their customers checked out.
Read the rest.

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