Thursday, March 16, 2006

Indie Music Revolution (?)

Is the music industry going to shit? Depends on if you think it's shit in the first place. Apparently album sales in 2005 dropped 7.2%, from $666.7 million to $618.7 million. So yes, things aren't looking good. BUT -- Indie music accounted for 18% of sales, which is an increase of 2% over the year before. And in my opinion, indie music is good. The major labels focus on blockbusters, while the indie labels use a broad range of small-scale releases, which according to some experts may be the way that major labels start promoting artists. I have no problem with that. I prefere album-oriented projects compared to singles-oriented ones (I think one major reason illegal downloading is that no one wants to buy a whole album that has only one good song on it). The small-scale release model will favour albums over singles. It just means that pop stars who don't know what do with their millions won't have as many millions to toss away.

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