New business models are vital as technology changes the way people shop and purchase.
With many landmark music retail outlets disappearing fast (Tower Records in the US, Sam the Record Man in Canada) and owners of these type of stores say that "the music business is changing, and changing rapidly."
The bad news for retail outlets is good news for musicians, one of the biggest factors being that music is easily distributed over the Internet and does not require physical storage and shipping.
So while the music industry tries to catch up to these changes with a new business model, musicians have the world at their fingertips.
For some statistics and further reading from Canada's TheChronicleHerald read:
[Resource http://thechronicleherald.ca/Business/561147.html]
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Friday, March 09, 2007
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