This was something I actually hadn't seen before in this debate:
companies are cutting back spending on all but their biggest stars, and not signing nearly as many new acts.
I can sort of see how the big labels could stumble along their old path using heavy-handed techniques and lobbying for stronger copyright laws keep themselves in power as long as they actually supplied a constant stream of new music.
But not investing in their own future - that makes their demise a certainty.
Not exactly. There are new stars born every minute, so even if a couple of the big labels decide to sit out for a year or two they can easily get back in the game later. They can watch which mistakes the competitors make, think of new and better ways to adapt to the shifting music market, and so on.
It's better to make no investment in the future than to make investments you know to be bad.
companies are cutting back spending on all but their biggest stars, and not signing nearly as many new acts.
I can sort of see how the big labels could stumble along their old path using heavy-handed techniques and lobbying for stronger copyright laws keep themselves in power as long as they actually supplied a constant stream of new music.
But not investing in their own future - that makes their demise a certainty.