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The Ever Changing Industry Landscape……

Hot Topic sales are down and they contribute the decline as a result of changing musical tastes and trends. Hot Topic believes the iPod has reduced the number of ‘one genre’ fans.

In other news….

The P2P file sharing site LIMEWIRE is making HEADLINES as of late….

LimeWire has tapped former EMI exec Ted Cohen to pitch a new strategy to labels, one that includes 99-cent downloads of P2P-based content. “At the end of six months, you will know if they are willing to pay or not,” Cohen explained. “The worst result is that after six months, we find out that it was all about free.”

iTunes offers a New Way To Buy Albums……
The Complete My Album program allows customers to buy full albums at a reduced price if they have already purchased a single from the record.

BMI Projects Ringtone Sales Decrease In 2007, click here to check out KOARs post on Gambling on the Ringtone Business.

Victory Records will now be booking their own bands. Bands who sign to Victory will no longer need to establish an outside booking agent. More profits for Victory too…

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