How Has The Economy Affected The Music Industry?
In part because it was already in it's own downward spiral, it has been difficult to get an accurate read on exactly how the poor economy has impacted the music industry. But Billboard's Glenn Peoples has offered the best brief summary yet of the slump's overarching affect on every corner of both the traditional and emerging music industry:
"This continued economic malaise puts downward pressure on items like concert ticket prices, demand for consumer electronics (which influence the adoption of new music services) and advertising budgets (which influence licensing revenues for record labels and music publishers)."
How has the poor economy impacted your music business or career?