Sony Music tries New Business Model

Monday, April 12, 2004 | 06:07 AM

forbes_home_logo.gif

I don't know if this is a willful shift or merely a serendipitous change in Sony Music's business model. Either way, they seem to have stumbled onto what we have been discussing for a long time: Breaking free of the mega-hit driven addiction.

sony_forbes.gif

Instead, Sony seems to have developed more midlevel artists (as opposed to expensive superstars) who -- get this -- make the company actually profitable.

Soon, we may learn that Sony has figured out the P2P filesharing is actually free advertising.

"Sony's market share has declined since [Sony Music boss and TV news veteran) Andrew Lack took over (see chart, above.), and he is short on hitmakers: The only Sony offering among last year's top ten U.S. albums was Beyoncé's Dangerously in Love. Moreover, the industry overall remains difficult at best. Last year worldwide sales dropped 7%, albeit following declines of up to 15% in previous years. " Source: Forbes

This shift is something other music cos better take notice of . . .



Source:
Music Lessons
Peter Kafka,
Forbes, 04.26.04
http://www.forbes.com/business/forbes/2004/0426/058.html

Monday, April 12, 2004 | 06:07 AM | Permalink | Comments (0) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83504182d53ef

Listed below are links to weblogs that reference Sony Music tries New Business Model:

Comments

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner