An Op-Ed piece by Charles Blow notes that analysts give the music industry 10 years:
A study last year conducted by members of PRS for Music, a nonprofit royalty collection agency, found that of the 13 million songs for sale online last year, 10 million never got a single buyer and 80 percent of all revenue came from about 52,000 songs. That’s less than one percent of the songs.
The NYTimes has a nice graphic on the fadeout.
The New Yorker has an article about ticket sales, TicketMaster and LiveNation, ‘The Price of the Ticket.’ Within, John Seabrook interviews Princeton Economist states that, there’s “still an element of rock concerts that is more like a party than a commodities market,” and that it bears resemblance to the gift exchange.
Related, here‘s a piece on how the publishing industry, as it exists today, is doomed.