How the Music Business Spent the Summer Killing Itself
All in all, it’s been a depressing summer for the delusional record industry. We’re seeing a total disconnect between labels’ unrealistic, old-school revenue expectations and what the market can bear. On the streaming-music front in particular, the sad reality is that advertising revenue isn’t, and may never be, there to fully support the music industry’s wishful-thinking profit margins.
I think calling the record industry “delusional” is actually letting them off easy.
