"....According to Azoff, the declines in the CD sales have been particularly alarming, most notably in regards to back catalog sales. "Recorded music, which used to be the biggest revenue source, is down to less than 6% [of total revenue for major artists]." Recorded music, Azoff noted, has become more of a marketing tool for live touring than a the primary product...."

 

"...Azoff also talked about the changing dynamic of the music industry, describing it as a "demonetization" of the business. Azoff, also a manager for acts such as The Eagles and Christine Aguilera, described artists walking into his office, "who used to make $300,000 to $500,000 a year in royalties [via recorded music]. And now that’s diminished to less than $50,000" .....

 

Full video Interview here... Ticketmaster Entertainment CEO Irving Azoff

Sennheiser is giving musicians the chance to connect, make music, and vie for an assortment of prizes from Adidas gear to the company’s own assortment of products.

The initiative is the brainchild of Sennheiser Canada, but is open to musicians in Canada and the US.

"We're proud about bringing this opportunity to musicians that unites them with their peers and gives them the chance to collaborate and network remotely,” says Sennheiser Canada’s Anne Joyce.

“We're really looking forward to seeing what people are able to come up with using the site."

Visit  http://www.createyourvirtualband.com  to sign up and compete for prizes.

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