According to an article in a recent copy of the Financial Mail in South Africa, EMI has been bought out by Universal Music. So the Big Four have just become the Big Three. Only 3 mega labels remain: Universal, Sony and Warner.
There has never been a better time to be an indie artist, as so many have been telling us for years! It remains true that if the major labels don't adjust their business models, they will no longer be in business.
Karin Geldenhuys, owner of Super CD, told me in October last year that the traditional music store model has about 8 years of life left before it is no longer sustainable as a business model.
We live in interesting times...
There has never been a better time to be an indie artist, as so many have been telling us for years! It remains true that if the major labels don't adjust their business models, they will no longer be in business.
Karin Geldenhuys, owner of Super CD, told me in October last year that the traditional music store model has about 8 years of life left before it is no longer sustainable as a business model.
We live in interesting times...
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