5 Reasons for Optimism in the Music Industry
September, 20, 2009 10:04 am | On #Jack White, music industry, RIAAThe Wrap.com recently published a list of “5 Ways to Save the Music Industry.” Hey, we’re always happy to hear of any wise perspective, but a few of the recommendations slightly missed the mark, or were unnecessarily pessimistic. So, in the spirit of the column and a friendly debate, here are five reasons for optimism:
1. Our product, music, remains as popular as ever. While other businesses may scrap to generate consumer interest in their product, music remains as popular as ever, according to our surveys, and is an economic catalyst for many other industries. Think about some of the news in recent weeks: leading technology company Apple rolls out a new line of its phenomenally popular music-listening gadgets as well as a major upgrade of the...
Description
Mitch Bainwol is Chairman & CEO of the Recording Industry Association of America (RIAA), the trade group that represents the U.S. recording industry. Its members are the leading record companies that create, manufacture and/or distribute approximately 85 percent of all legitimate sound recordings produced and sold in the United States. Bainwol is based in Washington, D.C.
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