The Golden Age Of Music (It’s Right Now)

There’s no end of doom and gloom about the music business these days. But that’s just the business. “There’s never been a better time to be in the music industry? Try telling that to the thousands of music workers who have been laid off over the past couple of years. Universal slashed its workforce by 11% last year. Tower Records filed for bankruptcy in the US two weeks ago. But with album sales rising and the phenomenal growth of ringtones and legal downloads, plus record-breaking years for merchandising and publishing rights, it seems the death of the music industry has been greatly exaggerated.”