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Music labels in a pickle with rising costs, shrinking soundtracks

Filmmakers who feel audio streaming is bringing significant returns for music companies are demanding massively higher rates

Transcripts for CNN The 2000s 20240604 05:57:00

i m standing outside where i used to buy my cd s, a store that is now shuttered and shut down as you can tell, like so many other music stores across the country. by the end of the decade, the music business was falling off a cliff. it seemed like all of it was gone, reduced to rubble. the shuttering this weekend of virgin s last two stores in manhattan and hollywood marks the death of a once booming chain and another nail in the coffin of the music cd. by the mid 2000 s, music labels realized that youtube, myspace, and file-sharing software was the way people were discovering new music. so what do you do? you get all of the people that you ve heard online together in one act, and you charge $130 bucks to see it. and this proved to be a very successful model. wakin up feelin good and limber. the one that really set it off was bonnaroo and then

Heat on TV reality shows as music labels seek pound of flesh

When it comes to TV shows centred around music, broadcasters will typically get into a licensing deal with music labels, said Vinay Guwalani, director of label and artist solutions, Believe India and South Asia. Believe is a digital music company.

MC Explains | Will breakup with Zee Music hit Spotify s big India plans?

Bollywood music connoisseurs on the audio streaming platform Spotify have been unable to enjoy numbers from Zee Music. Moneycontrol bring to you the inside story of what led to the breakup and how it will impact both players

Transcripts for CNN The 2000s 20240604 04:57:00

i was like, baby, baby, baby, oh. like baby, baby, no in the 2000 s, the music industry was undergoing a massive shift with all the technological change and the fact that the price of music had effectively been ground down to zero. i m standing outside where i used to buy my cd s, a store that is now shuttered and shut down as you can tell, like so many other music stores across the country. by the end of the decade, the music business was falling off a cliff. it seemed like all of it was gone, reduced to rubble. the shuttering this weekend of virgin s last two stores in manhattan and hollywood marks the death of a once booming chain and another nail in the coffin of the music cd. by the mid 2000 s, music labels realized that youtube, myspace, and file-sharing software was the way people were discovering new music. so what do you do?

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