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Music

+ - Indie Music the Real Killer for Major Labels?-> 1

Submitted by
Eugenia Loli
Eugenia Loli writes "After Slashdot reported on the news that music execs now blame streaming for lost revenue, I did some digging about the state of the music industry. Except the known culprits (piracy, free streaming, lack of music and business innovation, financial crisis), I found that the rise of indie music in the mainstream might be more of a cause than previously thought. In the past few weeks, 80% of Rolling Stone magazine album reviews are about indie acts, while in the '90s there was only a single indie band that got reviews (Pavement), and in the beginning of the last decade there were just about 2-3 such reviews per year. But something clicked towards the second part of the decade, and especially after 2009, there's a surge in the press pushing consumers towards indie purchases. Maybe when RIAA complains to the Government about their failing revenue and asks for stricter laws, they should show a more complete picture of music sales, rather than the sales of just a few [ex-]major labels."
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Indie Music the Real Killer for Major Labels?

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