The record labels tell us that the Music Business is failing and in decline. What they mean is the Record Label business is headed on a downward slope.
As my good friend Tom Jackson claims, there is a “huge” difference! Indie artists and Live Music seem to be thriving, and it is only a matter of time before we see the birth of some wonderful new trends.
In reality, music has always been a multi-faceted trade. In addition to the highly visible recording industry, there is the live music industry and the publishing industry. Each of them are separate areas of the music business. And if the sagging economy is effecting the recording and publishing industries, it doesn’t seem to be hindering Live Music in the same way.
If you don’t believe me, then check out USA Today – Bands warm up for busy summer on the road…