Editorial: Major Labels Struggle to Survive

It is a fact that the music industry is in recession. In the aftermath of 2008, when miserable record sales and widespread file-sharing destroyed profits for major labels, the music industry is now scrambling for new ways to get their hands on your hard-earned cash. Competing with “free” isn’t easy, and the industry has shown it’s ready to adopt creative attitudes toward music consumers and free distribution, while simultaneously trying to implement new business models that force money into their pockets via taxes or subscriptions. It’s time to take a closer look at these schemes. Continue reading...