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June 12, 2002
WSJ. Bertelsmann is forced to
WSJ. Bertelsmann is forced to buy Zomba.
"It's a great time to get out," said music veteran Irving Azoff, who co-manages the Backstreet Boys. "The record business as we know it has undergone radical changes."
Music-industry sales have been in a slump. In 2001, total U.S. album sales dropped for the first time in at least a decade. This year is looking no better. Since the beginning of 2002, total music sales in the U.S. have fallen 12.1% from a year earlier, according to SoundScan, an industry tracking firm. [John Robb's Radio Weblog]
Which reminds me of: What's a song worth?
Posted by Matthew at June 12, 2002 04:36 PM