The new year in the business of music is already off to a lousy start. And it’s not even February yet. Lay-offs, bankruptcies, paltry sales, etc.
Here are some of the worst news from the last couple of days:
- Incredibly low sales figures in the U.S.
- Alliance Entertainment consolidating even more
- Clear Channel cuts 1,850 jobs after Q3 losses
- Sony forecasts annual loss
- Midem attendance was down
- Trans World Entertainment/f.y.e. to close another 70 stores
Are these signs of an accelerated downward trend? Or just singular results that examplify the recurring weakness of the slack season?
What do you think? Drop me a line.
