The End of Music?
The top 35 pop artists worldwide now earn most of their money from concerts, not recordings.
The source: “Rockonomics: The Economics of Popular Music” by Marie Connolly and Alan B. Krueger, in The Milken Institute Review, Third Quarter 2007.
Recording industry officials have tried legal, legislative, and technical methods to stop teenagers from downloading free music. Nothing has worked. Now performers are responding with their own economic strategies: They...