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More Money woes in the record industry
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FINCEN
Administrative Assassin


Joined: 08 Mar 2006
Posts: 1351

PostPosted: Tue Jan 12, 2010 2:48 am    Post subject: More Money woes in the record industry Reply with quote

What a 'rough' year for the record industry. Sales were down again despite significant increases in legal downloading, vinyl and other media purchases, CD sales continued their swoon. Warner Music Group, one of the recording industry's big four labels, reported year end losses for 2009 that made 2008's numbers desireable.

And so it is that Edgar Bronfman Jr. and Lyor Cohen, the two top executives at Warner, treated themselves to a combined $14 Million in compensation for the year. As you can see, while a few of their handpicked favorites are pumped and promoted as industry power players, the truth of the matter is, the feature for the likes of Jay Z, Alicia Keys and a number of other marginally talented 'at best' entertainers face a feature demonstrated best by the recent financial failings of Nicholas Cage, Kenny Anderson and others.
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beemoe
Commission Member


Joined: 07 May 2006
Posts: 845

PostPosted: Thu Jan 21, 2010 11:05 pm    Post subject: From beemoe Reply with quote

It`s interesting that you call some of the entertainers that are being touted as being "marginal". It`s funny that Warners or Universal totally forgot to build their artists for the long-haul. Imagine what would have happened to the careers of Smokey Robinson or Marvin Gaye or Barry White or Roberta Flack et als. had nobody developed them.

What do you think about Sharon Jones and The Dap-Kings in DIY mode?
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FINCEN
Administrative Assassin


Joined: 08 Mar 2006
Posts: 1351

PostPosted: Sat Jan 23, 2010 8:48 pm    Post subject: Sharon Jones and the Dap Reply with quote

Amazing talent, unfortunately she isn't "sexy enough," for the mainstream and her sound though sharp, crisp and refreshingly real is probably alittle to sophisticated for this youth driven society.
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