mitchbainwol

Thursday, February 22, 2007

Virgin Killed, 1000 Employees Slashed

While some bloggers boast of a thousand downloads a week, it was reported "that as many as 1,000 employees will be laid off" at EMI, where both the CEO and vice chairman also lost their jobs as well as the president of Capitol records. Virgin Records has been shut down.

"The music industry is in free-fall," says Adam Shore, who runs the label that features such stars as Bloc Party, Charlotte Gainsbourg and Black Lips, "We have the best release schedule we've ever had, but we're less sure than ever that people are going to buy our records," because "sharing" bloggers have decided to give it all away. These are the same bloggers who would scream "scab" if somebody offered to do their job for free.

Music sales are down 40% from what they were before the mp3 download era, which is the equivalent of seeing a huge chunk of the arctic turn to water.

In the meantime, blogs with massive amounts of stolen music proudly declare they will re-up if their links are removed, that everyone should spread links around as much as possible to defeat any attempt by musicians to control their music, and praise any bloggers or torrents that give away entire discographies of someone's work. There are blog sites and forums that leech everything they can find in order to promote themselves (and get banner ad money) and they receive lavish compliments for their "generosity."

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