Dec 9, 2010
What's an Album Worth?
This week's Chicago Reader has a really interesting article on the monetary worth of music that's well worth reading, no pun intended. Thanks to the Numero Group blog for making me aware of it.
The Age of the Album — which lasted a little more than 30 years, from the late 60s till the early aughts — was a very good time for the business of selling music. The album format had a much higher profit margin than the previously dominant single, and it funded a period of music-industry excess that seems positively Caligulan, especially from the vantage point of the relatively austere Age of the Download. Continued here.