Just like broadcasting had to cut costs, mostly in personnel, the same thing is happening with the music industry. The old school business plan for the record industry can't survive. Labels continued to rely on old school ways of trying to deliver and promote music to radio and listeners. Void of digital delivery systems, which they own and applications for smart phones.
Craig Shelburn of CMT.com sums it up: I have been surprised with three big announcements today (April 14) in the record label biz. First thing this morning, I saw that Rounder Records -- the independent label that's been a lifelong home to Alison Krauss & Union Station -- has been purchased byConcord Music Group. Didn't see that coming. The three Rounder founders seem pleased about it, and as long as they keep issuing interesting music, I wish them the best.
And just before lunch, I read that Joe Galante is leaving his top post at Sony Music Nashville, the label home to Kenny Chesney, Miranda Lambert, Brad Paisley and Carrie Underwood, among many others. Galante has been with the company in one way or another for nearly 40 years and will stick around until a successor is named. And this afternoon, the Wall Street Journal reported that Lyric Street Records will be phased out by its parent company, Disney. Rascal Flatts, who spent a decade on the label, will be transferred to the roster of another Disney imprint, while a bare-bones promotion staff will continue to work the label's current records. As Jerry Lee Lewis once sang, there's a whole lotta shakin' goin' on.
Find a way to get the music in the hands of the consumer instead of blaming it on radio's tight playlists