On Demand
EMI Tightens Its Belt
Wednesday, January 23, 2008
The new owners of EMI Group plan to eliminate up to 2,000 jobs -- more than a third of its workforce -- to offset revenue lost from falling CD sales and the departure of major artists. What does the restructuring mean for the development of new artists? We talk with Gerd Leonhard, co-author of “The Future of Music,” and Jim Fusilli, rock and pop critic of the Wall Street Journal.
Jim Fusilli's story in the Wall Street Journal
More about Gerd Leonhard
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Unfortunately many folks who download music illegally use the rationalization "that only record companies make money off record sales, the artist don't see much of it. They make money off live shows and merchandise, so I'm not hurting the band(s)". Those with this belief are sorely mistaken as we can see. Less money for the labels, less money pumped into A&R and developing new acts. People erroneously seem to feel better about ripping off a big faceless corporation versus taking directly from an individual. But this is relatively small industry and individuals are negatively effected by file-sharing, including the listeners themselves. Let us not make this an industry whose hey day is behind us. Too much good new music is still to be made.
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