My name is Bill, I am a recent graduate in Information Sciences and Technology from Penn State University and this is a place for me to post or give my 2 cents on the fascinating world of technology. I am now working for a pretty big technology related company whose name I will leave out just to avoid any possible complications, however far-fetched them happening may be. Music gets included from time to time as well.

July 9, 2012 1:25 am
"While the “big four” record labels have seen their revenues plummet during the last decade, the music industry more broadly—encompassing independent labels, live performances, merchandise, music lessons, and the like—did extremely well. Statistics from the International Federation of the Phonographic Industry indicates that the “broader music industry,” which included “revenues from music in radio advertising, recorded music sales, musical instrument sales, live performance revenues and portable digital music player sales (among a few other income categories)” grew from $132 billion to $168 billion"

Why We Shouldn’t Worry About The (Alleged) Decline Of The Music Industry - Forbes (via futuristgerd)

I’ve seen, and in some cases used, these arguments before and I feel like they only solve part of the equation.  Especially these days when so many artists are signed to 360 deals.  While it would be nice to believe these factors could allow a self-sustaining environment, it still shows these days that for bands to be really successful they still need major labels.

(via emergentfutures)

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