Economist Paul Krugman on How to Fix the Music Industry (and Why Not Much Has Changed in the Last 150 Years) – (Billboard)
Interesting short interview with Paul Krugman. His analysis of the incomes of past music “stars” is telling. From his research, past and current stars are very similar in terms of their income and that the majority of that income comes from live performance. My takeaway from the interview: Music was and is a tough business.