Between Pimplejuice & bands that sucked X yrs. ago & have not improved w/ aging, good riddance! Even the
Wall Street Journal has noticed.
Despite those efforts, the number of tickets sold declined both world-wide and in North America—and even more steeply than the number of shows did, suggesting weak interest among fans.
[...]
Those shifts have hit many acts in the pocket book, and older acts with established fan bases turned increasingly in recent years to concert tours, with regularly rising prices, to steady their finances.
Irving Azoff, Live Nation's executive chairman and the manager of numerous major acts, last year told The Wall Street Journal that recorded music represented as little as 6% of some clients' income—down from 50% a decade ago.
Didn't know Irv still had work/was living. What the hell, is it the '70s again/still?
In fact, the online publication Digital Music News recently calculated that the members of the top 50 grossing touring acts in 2009 had an average age of 46. Had the Rolling Stones or the Who been on the road they would have pushed the figure even higher.
Snap! And in further
"ha ha, fuck you" news from the WSJ, the editorial staff's former employer Borders may soon be the former employer of a whole lotta wage-slaves. Don't worry, abused saps, it'll all work out. (Unless it doesn't.)
In an ominous turn of events for the book business, Borders Group Inc. said Thursday it is delaying payments to some publishers, a sign that its financial troubles are worsening.
The nation's second-largest bookstore chain by revenue, behind Barnes & Noble Inc., said the delays were part of its efforts to refinance its debt and that it had notified the publishers with which it is seeking to restructure payments.
The retailer also said "there can be no assurance" that its larger refinancing efforts will be successful. The company reiterated an earlier disclosure that without refinancing, it could violate its existing ...
At that point a subscription is required, which may not be too indicative of good things for the newspaper biz either.The media party's over.
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