Apr-6-2008
Reuters Speaks about future of music, Live Nation or Myspace
There’s a war going on outside for the soul of the music industry. Itunes is the number one seller of music right now and the record industry is trying to counter act that. This week they hooked up a deal with myspace to give some of their music away for free and to make their money on advertising, merchandising, and other related venues. They also have to watch their flank because company, Live Nation is coming from the left to try to drink their milkshake. They are banking on the work the industry has done in making big name artist and signing them to huge deals to get a piece of their hustle. Who’s going to win this war, no one knows. but it should be an interesting fight.