|
|
Article: The year in review: a comprehensive recap of all the reasons why 2006 was a tough year for everyone, large and small players alike, and a look at why we think 2007 will be better.(Cover story)
- Article from:
- Music Trades
- Article date:
- January 1, 2007
CopyrightCOPYRIGHT 2007 Music Trades Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Combing through some of our dusty back issues, we came across a few choice assessments of the music industry. "Consumers are rattled and feeling insecure," observed the president of a major multi-line manufacturer. "Whenever they get in this frame of mind, they inevitably cut back on music purchases, because let's face it, we sell discretionary items." Another industry leader added somberly, "The buying public is not in a good frame of mind, and we need to prepare for some tough times." The year was 2000, and the American populace was reeling in the aftermath of the "dot.com" meltdown, which left them some $1.2 trillion dollars poorer. Their collective discomfiture was ...