According to The New York Times, while physical CD sales are plummeting, sales of digital and cell phone content are keeping the music industry afloat. But watch out, because now the labels want a cut of ticket sales and t-shirt sales, which have heretofore been untouchable by the label and totally in the hands of the artist.
So are brick-and-mortar record stores going bye-bye? Will artists be forced to allow the label to get a cut of concert tickets and clothing?
And poor Ludacris got left out in the press release regarding this year's Grammy nominations, but don't fret, he's nominated up against Justin Timberlake, Gnarls Barkley, Beyonce, T.I., etc. Unlike Ludacris, film composer John Williams was over-nominated. Originally nominated for five, he is actually up for four Grammys. But he's got 18 already, so he's not sweating it.Source: Reuters