Great Quote

Here is a quote that succinctly describes the current state of the music industry:

“Trade analog dollars for digital pennies.”
- Jeff Zucker

This says a lot about the current state of the music industry. Record labels that spent vast amounts of money promoting, recording, and building artists are faced with a world where they can no longer charge the money necessary to recoup these costs. So, we now have artists who have done their work without the help of labels who no longer need to recoup enormous initial investments and can therefore sell for “digital pennies.” Their strategies have been more grass roots. They have used the power of the internet. And they may not have the reach that a record label could have provided, but they don’t necessarily need that reach to make ends meet.

Stay tuned,
Erik
erikrostad.com