The State of the Music Industry

Matthew Inman at The Oatmeal explains the history of the music business, how it's changing, and what the future holds. The is only the first panel, but it explains the way things were for around 100 years in the world of recorded music. Link -via reddit

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Yeah, except the technology has been available since the '90s for what the Oatmeal says "need to go from here", and yet it took a Steve Jobs to herd the labels -- I expect it'll take Jesus to herd the artists.
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Problem is itunes IS the new label. Hopefully a more open and equitable market place will pop up to bypass itunes (which is better than the existing label system but still plenty cr*ppy).

Oh, and someone needs to tell The Oatmeal that no one goes looking for banjo music. Most people know when you hear banjos, it's time to start paddling... FAST!
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