“Sales grew 11-fold between 2004 and 2010 to an estimated $4.6bn (£2.9bn), the International Federation of the Phonographic Industry (IFPI) said. But while revenues grew by 25% in 2008, that figure slipped to 12% in 2009 and to just 6% in 2010.”
Tag: 01.20.11
How San Fran’s Asian Art Museum Attained Junk-Bond Status
This month, the AAM “was able to refinance a debt load that last fall threatened to throw that institution into bankruptcy. But … it’s an open question whether AAM – or other arts institutions – should have borrowed so much money and dabbled in variable-rate demand bonds and interest-rate swaps at all.”
Spider-Man Needs Light Shed By Critics, Says Critic
Charles McNulty: “This high-flying Taylor extravaganza, in which actors have been regularly commuting from the theater to the hospital and preview audiences have been made unwitting witnesses to the construction of a second act, is a special case if ever there was one. It’s reasonable to give a new musical time, but there’s a difference between fine tuning a show and workshopping a commercial enterprise on the backs of overcharged consumers.”
Carnegie Hall? More Like ‘Carnegie Musical Empire’
“[In] announcing its new season on Wednesday, [Carnegie] is projecting unusually broad ambitions as a cultural force. It is becoming a national presence in music training, sending graduates of its Academy program to perform and teach around the world, unveiling 60,000 square feet of new space for music education and beginning a new broadcast series.”
Author Wilfrid Sheed, 80
“[The] wittily satirical man of letters … drew upon his Anglo-American background to write bittersweet essays, criticism, memoirs and fiction about cultural life on both sides of the Atlantic.”