THE GUARDIAN: ”It has been an unhappy few years for the music industry, hit by plummeting CD sales and rampant on line piracy. But there are signs that the worst may be over – research suggests the industry grew last year and is finding new ways of making money.” Read on!
Through diversity of revenue sources to compensate for the super-massive drop in CD sales, it looks like the British music industry is finding it’s feet once more.
Live shows are where most of the money is for bands, which I think is a rather nice and healthy state of affairs indeed.
licensing deals from the likes of “Spotify“, a music streaming website, coupled with sponsorship deals from big business make up a quarter of the British industry’s revenue.
I don’t know if sponsorship deals are so great for artistry of music, but I guess those who wish to sellout need someone to sell out too.
Here's Take That, one hell of a band who are in a "partnership" with Marks and Spencer.
The pic I ripped off from here
Peace!
