I think a better title would have been: “Irving Azoff And The “De-Monetization” Of The Record Industry”. Still it’s a good article and Azoff made some interesting comments. Two that stick out to me are:
- “Recorded music is more a marketing tool than a revenue source”
- “Recorded music is down to less than 6% of major musical acts’ revenues.”
The first comment I’ve heard many times before, but the second one is new to me. I have no way of knowing if his 6% number is correct or not, but even if he’s under by 100%, recorded music is clearly not making up a very large percentage of “name” acts’ income.