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In 1999, the whole revenue from music gross sales and licensing peaked at $14.6 billion. Describe the function performed by independent labels in the music trade.

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Each of the most important report labels has a robust infrastructure that oversees every aspect of the music enterprise, from production, manufacture, and distribution to advertising and promotion. Ten years later, report label executives weren’t as successful. Revenue had plunged to $6.three billion, with the Recording Industry Association of America (RIAA) reporting declining revenue in nine of the ten previous years, with album sales dropping a median of 8 p.c yearly.Ibid. Music lovers had been busy replacing their cassette tapes and vinyl records with CDs, and sales were excessive.

  • So, it’s type of humorous that, of all packages, I received hooked on MTV.
  • My dad was a preacher and I suppose he thought that delaying my exposure would
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