Re: music industry revenue streams:
http://online.wsj.com/article/SB1000...259031536.html
Quote:
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Georgia singer/songwriter Corey Smith has never had a traditional record contract, but in 2008 he grossed about $4 million from touring, merchandise and other revenue, yielding roughly $2 million that was reinvested in the singer's business, according to his manager, Marty Winsch. Mr. Smith makes his recordings downloadable at no cost from his website, and Mr. Winsch emphasizes that they are promotion for his live shows, not the other way around. "We don't look at it as 'free,' " he says. "When people come to the website and download the music, they're giving us their time, their most valuable commodity."
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