20 April, 2010

The Music Industry is going ok its just the labels having a hard time

I have just seen a video from the PRS care of CFF, who worry about distrubutions of royaltes in the UK, and they basically saying this part of the music is fine and 2009 revenues is up on 2008. So basically confirms what I said in my pervious blog post that it is the labels who are having issues. And the US Market is tanking while the UK Market is fine. One problem why the US is having issues is that they have less records stores and the hold less different albums and albums have less shelve time before they are no longer in store. When there is no supply there is no demand hence people going to other sources and not buying physical albums.

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