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Reality Check: The Way Things Are Right Now

"The music industry is very healthy. The record industry is the problem. The notion that the only way to monetize artist creation is 10 songs that come out every 18 months, in a package called an album — the classic record model — isn’t what it used to be. [Musicians can profit from] reality shows. Fashion. Maybe I release five or six tracks and the rest comes in a paid subscription, that is basically a fan club…. Most labels are going to become management companies [making money from booking concerts, etc. rather than selling CDs.] There will be a lot of pain."

- Microsoft's J Allard on the state of the music industry right now in the New York Times
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