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Music Business in Misery
When the record industry announced in June that it would begin filing individual lawsuits against hundreds of illegal file-swappers, it was not just a bad PR move, it was a signal that the music business is more desperate than ever. Halfway through 2003, sales continue to slump, down eight percent from the first six months of last year. Three of the ten best-selling albums so far this year were actually released in 2002, and only three artists – 50 Cent, Norah Jones and Linkin Park – managed to sell more than 2 million copies between January and June. 50 Cent,… Read more »