Wall Street to Warner Music: Drop dead
News yesterday that Warner Music had resolved its months-long spat with Linkin Park (not exactly a surprise) was still met with a Bronx cheer from Wall Street.
And understandably so. Warners’ crowing that its getting along with a top act is like a baker boasting that he didn’t burn the bread. It’s the bare minimum you can hope for.
True, digital downloading record year (even though that would seem to be an oxymoron), but that’s at the expense of the sale of actual records: 2005 saw a 7 percent decline in CD album sales, from 650.8
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