Record Labels in Trouble?

We all know that the record business is in major transition, has been for a few years now. Still, major labels and independent labels are trying to figure out what the new model is. But the real problem with most labels is that they still want to be in 'big business'. This is the first real issue labels have got to deal with. Because CD sales are on the downturn, record labels are cutting back on staff (hence the EMI shake up recently). But I have my own opinion about this. I firmly believe any existing record label that has an office staff on salary is now doomed to fail. And the old model where labels had one or two successful acts in order to 'fund' 80% of their other failed acts, absolutely needs to go. Any label existing today thinking that this is something that even has a chance of working has its days numbered.


Read the entire article @http://www.musicbizacademy.com/articles/cs_survival.htm