The Real Death of The Music Industry

*Gulp* Some sobering analysis of the music industry by Michael DeGusta. Important to note that this is analysis of past data and there are labels out there who are actively seeking new revenue opportunities.

The key finding is that people are now buying singles rather than albums where albums were traditionally responsible for the majority of profits. While the era of the digital single download is coming along nicely it is not making up for the loss in profits from albums. As a result the music industry is down 64% from its peak.