Maybe we do.
The hoopla surrounding the sales of AC/DC’s “Black Ice” at Wal-Mart has superseded the scary underlying fact. That even including digital downloads, album sales last week were down 25% from the equivalent week in 2007. And 2007 SUCKED!
If the major labels didn’t have the power known as their catalogs, we’d have a different music business today. They’ve been using this asset, along with their publishing companies, to generate leverage and collect revenue, insisting time and again that they’re just about to turn the corner. I’d love a referendum, …