No more pots of gold at the end of this rainbow
Posted in Journalism, Music, Politics on June 23rd, 2009 by Tory Regan – 1 Comment
The recession is hitting the music industry hard. This video is fantastic because it says everything that I’ve been saying in my last few blogs.
Even in a recession people will pay to see a concert. $40 American to see British reggae group UB40. The concert sold out. The band believes that the way to make a living is to perform live. No longer can you become a billionare from selling millions of records.
Record sales are down even if concert sales are up. A lot of people choose to legally download their music as opposed to buying CDs because it is cheaper to download music.