You Mean People Still Buy Music, Seriously?
A man much more brilliant than I once said that you must adapt or die to succeed in business. Warner Music Group’s (WMG) sales have dropped 14 percent while digital sales fell 5 percent in the past three months alone. Clearly, WMG is going for suicide. It’s not a shocking announcement. The big labels are struggling to find their mojo. They will blame piracy, of course, but the truth is that artists are beginning to see the light. They are beginning to understand that they can do it without the labels and that social media and the Internet is the way to fame and fortune. Perhaps Amazon will do to the music…