Monday, February 20, 2012

Article: Katy Perry Shows How The Problem With The Major Labels Is Economics, Not Piracy

Probably the only way you'll see Katy Perry mentioned on this blog. ;-)

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Katy Perry Shows How The Problem With The Major Labels Is Economics, Not Piracy | Techdirt

"once again, the "problem" has nothing to do with the "music industry" failing... or even that musicians aren't able to make money any more. It's all about the bad economics of the record labels. They set themselves up to fail this way, focusing solely on that one slice of the pie, and not moving very quickly to adapt when the market shifts. Instead, they seem to have kept up the inefficiencies associated with making such a "hit" album, without figuring out a way to profit from the results. "

(Continued... Katy Perry Shows How The Problem With The Major Labels Is Economics, Not Piracy | Techdirt)

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